As a business owner, there is no way you can succeed without electricity; even a small business centre by the roadside must run on electricity and this accounts for why many Nigerians have their power generators. With the current prices of petrol and diesel, business owners, and customers not on Band A spend a fortune to generate electricity.

So, whether you are on Band A or not, the cost of electricity will remain a serious headache as you wake up daily to run your business. This is why experts have advised businesses and individuals to consider going solar, a renewable source of energy.

At the recent 2024 Nigerian Oil and Gas conference in Abuja, Adelabu said, “What Nigerians spend on the self-generation of power – on fuelling and servicing their generators – is N16.5tn according to research that was carried out in 2023. Looking at this you will see that what Band A customers pay is still cheaper compared to this, despite having 24 hours uninterrupted supply.”

Adelabu’s comment came amid complaints from members of the Manufacturers Association of Nigeria that the cost of electricity was killing their businesses.

In all sincerity, it appears business owners are in a dilemma. While those in Band A areas are complaining of outrageous tariffs, their colleagues in other places are lamenting the cost of the energy they burn on a daily basis. What is the way out?

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