June 7, 2026
By Omeiza Ajayi
ABUJA: Constant blackouts and inadequate grid supply are costing Nigeria approximately ten per cent of its Gross Domestic Product (GDP) annually, according to an economic brief released by a financial expert, Martins Itua.
Mr Itua, the Director of Arthur Group, stated that the immense financial burden of self-generated electricity has become the primary barrier preventing the nation from doubling its economic output, overshadowing conventional challenges like inflation, public debt, and currency volatility.
He said the policy focus on macroeconomic indices overlooks the structural root cause of the country’s economic stagnation.
