Energy - Intelpoint

Global oil consumption rose from about 30.9 million barrels per day in 1965 to 101.4 million barrels per day in 2024, more than tripling over the period.
Asia Pacific saw the biggest structural shift in global oil demand, increasing its share from 10.7% in 1965 to 37.9% in 2024 to become the world’s largest oil-consuming region.
Africa accounted for just 1.9% of global oil consumption in 1965 and 4.5% in 2024, staying below 5% for nearly 60 years.
The global centre of oil demand has gradually shifted away from Western economies toward Asia, reflecting industrialisation, urbanisation, and population growth across the region.
Africa’s modest share of global oil demand highlights the continent’s relatively low industrial energy consumption despite rapid population growth.

South Africa’s Koeberg has been Africa’s only commercial nuclear power station since 1984.
Africa produced just 7.8 TWh of nuclear power in 2024, far below France’s 380 TWh and the US’ 823 TWh.
Egypt’s El Dabaa plant could change Africa’s nuclear map, adding 4,800 MW when completed.
Africa’s nuclear challenge is no longer just generation, but whether countries can finance, regulate, build, and sustain nuclear programmes.

Domestic share rose steadily from 34% in 2021 to 45% in 2025, gaining eleven percentage points in five years.
Export share fell from 66% to 55%, losing ground every year without a single recovery.
2023 was the sharpest single-year shift; domestic share jumped seven points, from 36% to 43%.
The gap between export and domestic share has narrowed from 32 to just 10 points.

The Strait of Malacca is the world’s most important oil chokepoint, carrying about 24–25% of global oil supply in recent years.
The Strait of Hormuz moves around 20–23% of global oil supply, making it the second-largest energy transit chokepoint.
The Cape of Good Hope carries about 9–10% of global oil flows, and its share tends to increase when other chokepoints face disruptions.
The Bab el-Mandeb saw a sharp drop in oil flow share from about 9% in 2023 to around 4% in 2024, reflecting security concerns affecting shipping in the Red Sea corridor.
Oil transported through the Suez Canal and the SUMED pipeline system dropped significantly after 2023, falling from about 8.6% to below 5%, showing how quickly routes shift during geopolitical tensions.
The Strait of Malacca’s share has remained consistently high and stable, indicating its structural importance to Asian energy demand.
Alternative routes like the Cape of Good Hope in South Africa are longer but strategically crucial, especially when Middle Eastern chokepoints become unstable.

The highest number of grid collapses in the past 16 years occurred in 2010, with 42 incidents recorded.
During Goodluck Jonathan’s administration, Nigeria’s grid collapsed an average of 24.4 times a year, the highest among the three administrations.
Under Muhammadu Buhari, the annual average dropped to 12.8 collapses per year, indicating improved grid stability compared to earlier years.
Under Bola Ahmed Tinubu, the average has fallen further to about 6.7 collapses annually.
2016 recorded the highest number of collapses during the Buhari administration, with 28 incidents.
The most stable years in the dataset were 2020 and 2021, with only four collapses each.

Thermal energy dominates Nigeria’s grid, supplying 69.9% of total power.
Hydro plants contribute 30.1%, making them the country’s second major source.
The heavy reliance on thermal generation shows Nigeria’s grid is still largely fossil-fuel driven.
Hydro remains a crucial but secondary source, supporting overall supply stability.

DisCos billed approximately ₦1.49 trillion but collected only ₦1.12 trillion in H1 2025.
Ikeja and Eko DisCos generated the highest revenues, collecting ₦206.22 billion and ₦210.59 billion, respectively.
Revenue collection gaps remain significant, with Jos, Kaduna, and Yola posting the weakest collection performances.
The wide gap between billings and actual collections suggests persistent challenges in customer payment compliance, metering, and distribution efficiency.

Approximately 3.65 million metres have been installed nationwide across all frameworks since 2019.
Ikeja DisCo leads by a wide margin with 823,000 installations, over twice the volume of most other DisCos.
Kaduna, Yola, and Aba Power recorded the lowest metre installations, each below 100,000.
The disparities in installation totals reveal uneven progress in achieving nationwide metering coverage.

Ikeja (84.6%) and Eko (83.3%) lead Nigeria’s metering performance, keeping unmetered customers below 17%.
Eight out of the twelve DisCos have metering rates below 60%, showing a wide sector imbalance.
The worst-performing DisCos — Yola, Jos, Kaduna, and Kano — have over 65% unmetered customers.
Regional disparities are sharp: Lagos and Abuja outperform northern and south-eastern DisCos by large margins.

South Africa dominates with 30 battery storage systems, the largest by far.
Egypt is the second-largest market with 7 projects, while Morocco has 4.
Nigeria and Senegal have five projects each (operational + pipeline).
Several countries, including Ghana, Togo, Angola, Botswana, DR Congo, and Mauritius, each have just one or two projects, indicating an uneven spread across the continent.
South Africa also leads in systems under construction (7).
Operational projects are still limited continent-wide, with most systems either under construction or in the planning pipeline.