Based on the provided data, we observe the following year-on-year variations:
- 2024 to 2025: -1.67%
- 2025 to 2026: -1.66%
- 2026 to 2027: -1.66%
- 2027 to 2028: -1.65%
The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 is approximately -1.66%.
Future Trends
Future trends to monitor include Nigeria's industrial expansion, potential renewable energy projects, and government policies affecting the import of DC motors and generators. Technological advancements and market shifts towards more efficient energy solutions may also influence demand.
