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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…
Former presidential candidate of the Labour Party, Peter Obi, has criticised President Bola Tinubu over the recurring collapse of Nigeria’s national electricity grid, describing the situation as a clear contradiction of the President’s 2022 campaign promise on power supply. In a statement posted on his official X (formerly Twitter) account on Wednesday, Obi recalled Tinubu’s…
