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Nigeria - Electrification Project – Appraisal Report

10-Jan-2019

Nigeria is the largest country in Africa with a population of 191 million, accounting for nearly 18 percent of the population of Sub-Saharan Africa. The rate of population growth is nearly 3.0 percent per annum, meaning that the country will nearly double in size in terms of population within the next two decades. This will have serious implications for a country that is already the world capital – overtaking India in February 2018 – in extreme poverty. Approximately 82 million Nigerians live in extreme poverty, which accounts for 44 percent of the country’s population. With its population growth rate likely to remain unabated in the medium-term, Nigeria’s sole means to combatting rising levels of extreme poverty is by growing its economy at higher rates.

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