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Bribes, Debt, $100 Billion Lost: Nigeria Can’t Keep the Power On – Bloomberg Business
An employee walks past electricity pylons carrying high voltage power lines at the newly renovated energy generation plant, operated by Egbin Power Plc, in Lagos, Nigeria, on Wednesday, Aug. 26, 2015. While Nigeria was the world's fourth-biggest exporter of liquefied natural gas in 2012, it's struggling to meet local demand for the fuel used by plants that generate at least 70 percent of the country's electricity needs. Photographer: George Osodi/Bloomberg

Bribes, Debt, $100 Billion Lost: Nigeria Can’t Keep the Power On – Bloomberg Business

Five minutes into Frank Edozie’s presentation on the challenges facing Nigeria’s power industry, the electricity cut out in the Jasmine Hall at the upmarket Eko Hotel in Lagos.“Very timely,” Edozie, a former power ministry adviser and a senior consultant to the U.K.-funded Nigerian Infrastructure Advisory Facility, said over the low muttering…

Source: Bribes, Debt, $100 Billion Lost: Nigeria Can’t Keep the Power On – Bloomberg Business