Nigeria drops to 21 on AfDB’s Electricity Regulatory Index

1 month ago

Nigeria’s electricity sector is ranked 21st out of 43 African countries, according to the African Development Bank’s 2021 Electricity Regulatory Index.

https://i0.wp.com/storage.waploaded.com/images/35a167cdfc5261e49d9c27ac3190adcf.png

Last year, Nigeria was ranked 8th out of 36 African countries, which shows that Nigeria has dropped significantly unlike Uganda that has maintained the first position for four years.

The 2021 Electricity Regulatory Index report covered 43 countries, up from 36 in the previous edition. This report assessed the countries’ impact on the performance of their electricity sectors.

It covered three countries in the North Africa region, 14 in West Africa, six in Central Africa, seven in East Africa, and 13 in the Southern Africa region. Aside from Uganda, the strong performers included Kenya, Tanzania, Namibia and Egypt.

In a press statement published on AfDB’s website on Wednesday to announce the release of the report, it was stated that African countries need to improve on regulatory independence.

The statement read in part, “Among the 2021 report’s key highlights are that regulatory independence is one sub-indicator where African countries have room to improve: in 93 per cent of sampled countries, governments, and stakeholders exercise influence over regulatory authorities.

“In terms of regulatory substance, participating countries scored lowest on adequacy of their tariff setting and frameworks, as well as licensing frameworks when compared with best practice.”

Related Forums
Nigerian Singer, Faze Loses Mum
Forum

Nigerian Singer, Faze Loses Mum

15 hours ago
Uti Nwachukwu Raises Alarm About Bottled Water Sold In Nigeria After Suffering Diarrhoea When He Consumed Two Big Brands
Forum

Uti Nwachukwu Raises Alarm About Bottled Water Sold In Nigeria After Suffering Diarrhoea When He Consumed Two Big Brands

16 hours ago
Religion Thrives In Nigeria Because of Suffering - Reno Omokri Reacts To Video of Mummy G.O Excitedly Showing Off Hotel Room in Dubai
Forum

Religion Thrives In Nigeria Because of Suffering - Reno Omokri Reacts To Video of Mummy G.O Excitedly Showing Off Hotel Room in Dubai

20 hours ago
2023: Nigeria Is Not For Sale – Osinbajo Support Group To Tinubu
Forum

2023: Nigeria Is Not For Sale – Osinbajo Support Group To Tinubu

1 day ago