By Yusuf Mohammed
Nigeria’s power sector is on the brink of collapse as premium customers migrate from the national grid to solar and self-generation.
The Federal Government’s debt to power generation companies has ballooned to ₦5.6 trillion and could hit ₦6.2 trillion by year-end. Meanwhile, only 13% of commercial customers still rely on the grid, down from 20%, as manufacturers and wealthy households invest heavily in alternative energy.
With monthly tariff shortfalls estimated at ₦200 billion, experts warn that without urgent reforms and a clear debt repayment plan, the grid will be left serving mostly low-income households while financial losses mount.
