Why Nigeria, why now
The numbers that make the case.
Africa’s largest population, a record export year, falling storage costs and a housing gap measured in millions. Every figure below is sourced.
Power
Nigeria pays twice for electricity.
₦1.34trn
spent by Nigerian manufacturers on their own electricity in 2025, up from ₦1.11trn in 2024
Source: Manufacturers Association of Nigeria data, reported by Economic Confidential
−45%
fall in stationary-storage battery pack prices in 2025, to $70/kWh
Source: BloombergNEF, via pv magazine
Build
The homes Nigeria needs must stand.
14.9m
homes: Nigeria’s official housing deficit, with a further 15.2m classed as substandard
Source: National Housing Data Technical Committee, reported by Channels TV, May 2026
35%
of building collapses studied were caused by substandard materials
Source: Journal of Civil, Construction and Environmental Engineering, 2026
1.2m TEU
capacity at Lekki Deep Sea Port, beside the 860-hectare Lagos Free Zone
Trade
Exports beyond oil are at a record.
$6.1bn
record Nigerian non-oil exports in 2025, up 11.5%, to 120 countries
#1
destination for Nigerian non-oil exports in 2025: the Netherlands
Disclosure
Climate reporting arrives in 2028.
2028
IFRS S1 and S2 sustainability reporting becomes mandatory for Nigerian public-interest entities, including banks