Nigeria Has Some of Africa’s Cheapest Electricity, but There’s a Catch

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Infrastructure accounts for between 30% and 40% of housing development costs in the Federal Capital Territory, according to the Abuja Property Development Company (APDC), which has called for greater government investment in basic infrastructure to make homes more affordable.

Rising material costs aren't the only challenge facing developers. Cash-flow gaps can be just as disruptive. Our research with Bujeti looks at the financial pressures behind construction delays and what they mean for the industry.

Nigeria ranked sixth among African countries with the lowest residential electricity prices in the third quarter of 2026, with households paying an average of $0.036 per kilowatt-hour (kWh), according to data from GlobalPetrolPrices.

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Motorists travelling through Lagos Island will face traffic diversions from Friday, October 16, as the Federal Ministry of Works begins asphalt repairs on Independence Bridge, with work scheduled to continue through Sunday, October 18.

A deteriorating federal highway linking communities in Anambra and Rivers states has renewed scrutiny of how Nigeria allocates public funds to road construction, with the Senate urging the Federal Government to prioritise unfinished projects before taking on additional commitments.

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Nigeria spent ₦5.28 trillion servicing domestic debt in the first half of 2026, with interest and rental payments accounting for ₦4.95 trillion of the total. Principal repayments on promissory notes made up the remaining ₦333.96 billion.

Eko Power Limited has reaffirmed its status as the electricity distribution company licensed by the Lagos State Electricity Regulatory Commission (LASERC) to serve southern Lagos, following the transfer of retail electricity regulatory powers from the Nigerian Electricity Regulatory Commission (NERC) to Lagos State.