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Nigeria faces persistent power outages, with 58% of publicly funded hydropower projects stalled or abandoned. A report by Tracka indicates that N432 million was disbursed for 16 dam projects in 13 states, with 25% abandoned and 37.5% not started.

The national grid collapsed 12 times in 2024, costing an estimated $29 billion annually. Chronic underinvestment in energy infrastructure forces manufacturers to spend heavily on alternative energy. The federal government owes N4 trillion to power companies, complicating the crisis.