In a major vote of no confidence in Nigeria’s national power grid, six federal universities, telecom giant MTN Nigeria, the Nigerian Defence Academy (NDA), and 16 other companies have obtained regulatory approval to exit the national grid, citing unreliable power supply and escalating generator costs.
Data from the Nigerian Electricity Regulatory Commission (NERC) revealed that 24 institutions and corporations secured captive power generation permits in 2024, allowing them to produce their own electricity independently.