More Firms Dump National Grid as Power Crisis Worsens
LAGOS — Nigeria’s embattled power sector faces a terminal liquidity threat as industrial giants increasingly abandon the national grid for self-generation. Between January and September 2025, no fewer than 20 major firms officially exited the centralized network, opting to install 1,045 megawatts (MW) of private “captive” power. This mass migration follows a pattern of chronic…