October 21, 2018

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Nigerians spend N3.5t yearly on fuelling generators – Report

Nigerians spend N3.5t yearly on fuelling generators – Report

Nigerians spend an estimated N3.5 trillion yearly on fuelling generators to meet commercial and domestic needs , as grid power is seriously inadequate. A report from GIZ, a German-based firm, said generators provide alternative source of energy and further improves economic activities for the country.

The firm, which specialises in offering solutions to countries in solar and other forms of renewable energies, in a report, made available to The Nation, said Nigeria was one of the major importers of generating sets in Africa, noting that the country has spent huge amounts of money on buying, using and servicing generators.

It said Nigeria has been spending between N3trillion and N3.5trillion yearly on fuelling generators in the past three years, adding that the country mostly imports generators from Asian countries such as China, Japan and others. The firm said it was working on a study that would capture the expenditure incurred on importation and maintenance of generators in Nigeria and other African countries for 2016, adding that generators consume huge volumes of fuel after automobiles in Nigeria because power supply is not regular. Read more

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