Snapshot from Jul 26, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Nigeria loses N2.376tn to grid...
Business conference announcement

Nigeria loses N2.376tn to grid underutilisation

Analysis based on 7 articles · First reported Jul 06, 2026 · Last updated Jul 06, 2026

Sentiment
-20
Attention
2
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The disclosure highlights persistent inefficiency in Nigeria's power sector, which may deter investment and increase costs for businesses reliant on grid power. However, the conference's focus on operational excellence and innovation could signal future improvements in grid utilisation and industrial growth.

electric utilities energy
Event Summary

At the 11th Nigeria Energy Forum 2026 (NEF-2026) Conference in Lagos, the Managing Director of the Nigeria — Nigerian Independent System Operator (NISO), Abdu Bello, disclosed that Nigeria lost over N2.376 trillion in capacity payments due to power sector grid underutilisation since 2015. As of May 2026, Nigeria had an available generation capacity of 7,311 MW but only dispatched an average of 4,222 MW, leaving 3,162 MW stranded. The conference, themed 'Upscaling Value Addition for Sustainable Industrialisation', brought together policymakers, investors, and industry stakeholders. Other speakers included Abdulrahman Yinusa of Odu'a Investment Company, Caroline Eboumbou of All On, Felix Ogbe of NCDMB, Khalil Hashmi of NASENI, Abba Aliyu of REA, and others. The forum also featured the All On TIEC 4.0 competition, with winners from various universities.

Key Actions
80 Nigeria — Nigerian Independent System Operator disclosed loss
70 Nigeria — Nigerian Independent System Operator reported stranded capacity
40 Nigeria — National Agency for Science and Engineering Infrastructure building integrated ecosystem
30 All On supported TIEC winners
30 KoBold Metals using AI technology
20 MTN Group expanding access
Entities Involved
cnt
Nigeria
Nigeria has lost over N2.376 trillion due to grid underutilisation, highlighting a major economic inefficiency.
Importance 100.0 Sentiment -40.0
govactor
Nigeria — Nigerian Independent System Operator
NISO disclosed the loss and stranded capacity, positioning itself as a key player in improving grid efficiency.
Importance 100.0 Sentiment -30.0
per
Abdu Bello
As NISO's MD, Bello announced the loss and outlined NISO's goal to convert existing megawatts to economic use.
Importance 80.0 Sentiment -20.0
priv
All On
All On supported TIEC winners and continues to nurture clean energy startups, enhancing its reputation.
Importance 40.0 Sentiment 10.0
priv
Odu a Investment Company
Odu'a's GMD spoke on the need for reliable power for industrial growth, but no direct impact on the company.
Importance 30.0 Sentiment 0.0
per
Caroline Eboumbou
As CEO of All On, she highlighted the role of innovation in Nigeria's energy future.
Importance 30.0 Sentiment 10.0
govactor
Nigeria — National Agency for Science and Engineering Infrastructure
NASENI is building an integrated innovation ecosystem, potentially boosting local manufacturing.
Importance 30.0 Sentiment 10.0
per
Abdulrahman Yinusa
Yinusa emphasized the importance of reliable power for industrialisation, but no direct impact on him.
Importance 20.0 Sentiment 0.0
govactor
Nigeria — Nigerian Content Development and Monitoring Board
NCDMB's executive secretary urged local manufacturing, but no direct impact on the board.
Importance 20.0 Sentiment 0.0
per
Felix Ogbe
Ogbe advocated for made-in-Nigeria products, but no direct impact on him.
Importance 20.0 Sentiment 0.0
per
Khalil Hashmi
Halilu presented NASENI's vision for local innovation and commercialisation.
Importance 20.0 Sentiment 10.0
govactor
Nigeria — Rural Electrification Agency
REA's CEO spoke on empowering businesses through sustainable energy, but no direct impact.
Importance 20.0 Sentiment 0.0
per
Abba Aliyu
Aliyu emphasized the role of sustainable energy in unlocking prosperity.
Importance 20.0 Sentiment 0.0
priv
KoBold Metals
KoBold's CEO Africa discussed AI in mineral exploration, highlighting technological advancement.
Importance 20.0 Sentiment 10.0
per
Mfikeyi Makayi
Makayi presented KoBold's use of AI in exploration, but no direct impact on him.
Importance 20.0 Sentiment 10.0
+ 16 more entities View on Dashboard
Relationships
Nigeria related ↔ Nigeria — National Agency for Science and Engineering Infrastructure
Nigeria related ↔ Nigeria — Nigerian Content Development and Monitoring Board
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