Nigeria's power grid, a crucial infrastructure for the country's economic growth, is on the brink of collapse. The grid, which generates a meager 4,000 to 4,500 megawatts of electricity for a population of over 200 million people, is plagued by frequent system failures, leaving citizens and businesses in the dark.
The reasons behind the grid's instability are multifaceted. Outdated equipment, inadequate power generation, and a lack of effective distribution are just a few of the culprits. The situation is further complicated by the "load imbalance" phenomenon, where some areas receive too much power while others are left in the dark.
The consequences of the grid's failures are far-reaching, affecting not only the daily lives of Nigerians but also the country's economic development. The tech and startup community, in particular, is severely impacted, with unreliable power supply hindering innovation and progress.