By John Joseph
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Recent data from the International Trade Centre has shed light on Nigeria’s growing electricity exports, which have reached a remarkable value of $112m.
This significant growth underscores the country’s efforts to expand its energy sector and capitalize on regional power trade.Nigeria’s electricity exports have been on the rise, driven by the country’s strategic location and its potential to become a major power hub in West Africa.
The country’s power generation capacity has increased over the years, enabling it to export surplus electricity to neighboring countries.The growth in electricity exports is also attributed to the government’s initiatives aimed at promoting regional power trade and enhancing energy cooperation with neighboring countries.
Nigeria’s membership in the Economic Community of West African States (ECOWAS) has facilitated the country’s participation in regional power trade, enabling it to export electricity to countries such as Benin, Togo, and Ghana.
The significant value of Nigeria’s electricity exports highlights the country’s potential to become a major player in the regional power market.
As the country continues to expand its power generation capacity and strengthen its transmission infrastructure, it is likely to increase its electricity exports, fostering economic growth and regional energy cooperation.
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