The impacts of incentive policies on improving private investment for rural electrification in Nigeria - A geospatial study.

In Nigeria, 86 million people lack electricity access, the highest number worldwide, predominantly in rural areas. Despite government efforts, constrained budgets necessitate private investors, who, without adequate incentives, are hesitant to commit capital due to perceived high risks. This study identifies three existing incentive policies-concessionary loans, capital subsidy, and financing productive use equipment-aimed at promoting rural electrification in Nigeria.