Nigeria is facing a substantial $23 billion investment shortfall in its power sector, according to the head of the Rural Electrification Agency (REA). This significant funding is crucial to address the escalating demand for electricity driven by rapid population growth and the increasing adoption of artificial intelligence. The current infrastructure is struggling to keep pace with these rising needs, leading to concerns about economic development and stability. Without this investment, Nigeria risks continued power outages and hindered progress. The REA boss emphasized the urgency of securing these funds to ensure a reliable and sustainable power supply. Addressing this deficit is viewed as essential for unlocking Nigeria’s full economic potential and improving the quality of life for its citizens. The required capital would go towards upgrading transmission and distribution networks, as well as generating new power sources.