AfDB: 70.7% of Nigerian Firms Depend on Generators to Run Businesses
Emmanuel Addeh in Abuja
The African Development Bank (AfDB) has revealed that 70.7 per cent of firms in Nigeria own or share generators due to persistent electricity shortages, with power outages causing businesses substantial losses in annual sales.
The disclosure was contained in the bank’s 2026 African Economic Outlook report, which examined fiscal policy, tax systems and public service delivery across the continent.
According to the report, the widespread reliance on generators underscores the severe infrastructure deficit facing Nigeria and highlights the hidden costs businesses incur as a result of inadequate public services.
