Nigeria’s power debt deal: The lights flicker on necessary reset, not needed cure

    BusinessDay | Newsletter | Jan 29, 2026    
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In Peju Alaba’s small garment factory in Ogbomosho, Oyo State, Nigeria, the erratic sputter of diesel generators reverberates as workers busy themselves trying to fulfil customer orders. But the sputtering sounds will soon be replaced by the gentle hum of low-frequency drone of grid electricity, or so Peju hopes, and her sewing machines would run for uninterrupted eight hours. Then, she will not fuel anymore; he output will be higher; orders will be fulfilled more efficiently. “It’s like a weight has been lifted,” Peju says, “but we’ve been here before. We pray this one lasts.”

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