Something that is symptomatic of governance in Nigeria is the model of “kicking the can down the road”. While we can give the president credit for removing under-recovery on premium motor spirit and ending the subsidy regime in line with Section 205 of the Petroleum Industry Act of 2021, and also ending the multiple FX windows by moving first from a fixed peg to a managed float and then to a free-floating model (with the allowance of periodic intervention), it’s important to state that the power sector holds a critical lever in writing Nigeria’s industrialisation story.