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Orjiako Ikechukwu Kingsley For Nigeria’s business community, electricity is no longer an infrastructure issue. It is a cost structure problem. Despite over two decades of power sector reforms , grid electricity remains unreliable and insufficient. Installed generation capacity sits above 13,000 megawatts yet effective available power often falls below 4,000 megawatts for a population exceeding 220 million. For firms trying to scale operations, that gap is not theoretical because it shows up in balance sheets. The economic consequences are well documented. The World Bank estimates that power outages cost Nigerian businesses between 5 and 10 per cent of annual sales, with small and medium enterprises bearing the heaviest burden. Manufacturing firms routinely report energy as their second-highest operating expense after labour. Historically diesel generators filled the gap. Today that model is under strain. Since the removal of fuel subsidies and the liberalisation of the foreign ...