‘Regulatory inconsistency, tariff mismatch worsening Nigeria’s power sector woes’
Nigeria stands at a critical juncture in its economic development, yet a fundamental challenge continues to undermine every sector of the economy: the inadequate and unreliable supply of electricity. As Adetayo Adegbemle, Executive Director of PowerUp Nigeria, a consumer rights and power sector policy advocacy organisation, has persistently highlighted, the electricity sector represents far more than a utilities problem—it is the backbone upon which Nigeria’s industrial renaissance must be built. The power sector crisis has become synonymous with Nigeria’s broader economic struggles, particularly for the manufacturing sector, which once served as a pillar of growth and employment.
The statistics paint a sobering picture of Nigeria’s manufacturing landscape. Over 60 per cent of manufacturing firms have exited the national grid, representing an unprecedented abandonment of critical infrastructure by the very enterprises that should be anchoring economic growth. This mass exodus is not
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