https://en.sputniknews.africa/20261023/africas-path-to-energy-independence-begins-with-financing-its-own-future-1090210571.html
Africa’s Path to Energy Independence Begins With Financing Its Own Future
Africa’s Path to Energy Independence Begins With Financing Its Own Future
Sputnik Africa
Reliable electricity remains essential to economic growth, industrialization, and improved livelihoods across Africa. As countries seek to meet rising energy... 23.10.2026, Sputnik Africa
2026-10-23T16:06+0200
2026-10-23T16:06+0200
2026-10-23T16:14+0200
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Africa’s Path to Energy Independence Begins With Financing Its Own Future
Sputnik Africa
Reliable electricity remains essential to economic growth, industrialization, and improved livelihoods across Africa. As countries seek to meet rising energy demands, the ability to finance power infrastructure and develop sustainable electricity systems has become a central challenge for the continent’s economic future.
Nigeria’s Electricity Act of 2023 introduced reforms allowing state governments to participate more actively in the power sector, creating opportunities to attract investment, expand electricity supply, and address local energy needs. However, financing the infrastructure required to achieve reliable power remains a significant challenge for Nigeria and other developing economies.Global South Pole spoke to Adetayo Adegbemle, Executive Director of PowerUp Initiatives for Electricity Rights, widely known as PowerUp Nigeria, about Nigeria’s electricity reforms, energy security, and the challenges of financing Africa’s energy future.Adegbemle argued that reliable electricity was fundamental to industrialization and economic prosperity, while dependence on foreign financing could limit African countries’ ability to make decisions in their own interests. He stressed that without sufficient domestic capital, countries would struggle to develop energy infrastructure on their own terms.To listen to the whole discussion, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.In addition to the website, you can also catch our episodes on Telegram.► You can also listen to our podcast on Apple Podcasts, Spotify, Deezer, Castbox, Pocket Casts, Afripods, Podcast Addict, Overcast, and Mave Stream.► Check out all the episodes of Global South Pole
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nigeria, africa, podcasts, power, solar power plant, coal-fired power plant, nuclear power plant (npp), hydropower, hydropower plant, electricity, energy, africa energy bank, renewable energy , investment, sovereignty, international monetary fund (imf), de-dollarization, us dollar, ditching dollar, oil, аудио
Africa’s Path to Energy Independence Begins With Financing Its Own Future
Aliyu Bello
Correspondent, Podcast Host
Reliable electricity remains essential to economic growth, industrialization, and improved livelihoods across Africa. As countries seek to meet rising energy demands, the ability to finance power infrastructure and develop sustainable electricity systems has become a central challenge for the continent’s economic future.
Nigeria’s Electricity Act of 2023 introduced reforms allowing state governments to participate more actively in the power sector, creating opportunities to attract investment, expand electricity supply, and address local energy needs. However, financing the infrastructure required to achieve reliable power remains a significant challenge for Nigeria and other developing economies.
Global South Pole spoke to Adetayo Adegbemle, Executive Director of PowerUp Initiatives for Electricity Rights, widely known as PowerUp Nigeria, about Nigeria’s electricity reforms, energy security, and the challenges of financing Africa’s energy future.
Adegbemle argued that reliable electricity was fundamental to industrialization and economic prosperity, while dependence on foreign financing could limit African countries’ ability to make decisions in their own interests. He stressed that without sufficient domestic capital, countries would struggle to develop energy infrastructure on their own terms.
"Until we are able to raise capital locally to fund these massive projects, we will always be tied to the aprons of powers,” Adegbemle said, questioning the implications of dependence on foreign financing. "If we are raising our capitals in dollars, how truly independent can we be in taking our decisions? How can we take decisions that are strictly going to be beneficial to Nigeria, to Africa, without having to follow conditions that are not necessarily beneficial to us?" Adegbemle said.
To listen to the whole discussion, tune in to the
Global South Pole podcast, brought to you by
Sputnik Africa.In addition to the website, you can also catch our episodes on
Telegram.► Check out all the episodes of Global South Pole 
