Nigeria’s electricity exports to neighboring countries have reached $112 million, according to recent data from the International Trade Centre (ITC). This marks a significant milestone in regional energy trade, but concerns about inadequate power supply at home remain prominent.
Electricity Export Breakdown
The ITC report reveals that Nigeria currently supplies electricity to the Republic of Benin and Niger. Exports to Benin are valued at $66 million, with an additional potential of $16 million yet to be realized. Similarly, exports to Niger are worth $46 million, with an unrealized potential of $4.1 million.
Products with the highest export potential include electrical energy, urea, and iron/steel bars for Benin, while Niger also imports electrical energy, Portland cement, and processed food products.
Domestic Concerns Over Exports
The growing electricity exports have sparked criticism from energy advocates. Chief Princewill Okorie, Executive Director of the Electricity Consumer Protection Advocacy Centre, questioned the government’s priorities, highlighting persistent blackouts and inefficiencies in Nigeria’s power sector.
“It’s disheartening to see electricity exports celebrated when Nigerians endure frequent power outages. A responsible system must prioritize local needs before focusing on external markets,” Okorie said.
He also raised concerns about the lack of transparency regarding export revenue. “If export revenues are being generated, why isn’t that money being reinvested into the local power sector? Our industries and economy are suffering due to inadequate electricity supply,” he added.
The Renewable Energy Gap
Kunle Olubiyo, President of the Nigeria Consumer Protection Network, emphasized the urgent need for investments in renewable energy to bridge the gap between Nigeria’s current power generation and global energy advancements.
“Nigeria lags behind in clean energy investments while the world moves toward sustainable solutions. Without decisive action, we risk being left out of the global energy transition,” Olubiyo said. He called for bold policies and substantial funding to develop renewable energy sources and reduce reliance on fossil fuels.
Balancing Export Success and Domestic Needs
While Nigeria’s electricity exports reflect growing regional trade opportunities, experts stress the importance of addressing local power shortages. Ensuring reliable electricity for citizens, coupled with strategic investment in renewable energy, remains essential for the country’s economic growth and energy independence.
Balancing export ambitions with domestic energy needs will ultimately determine the success and sustainability of Nigeria’s power sector.