Nigerian firms urged to adopt Power‑as‑a‑Service instead of self‑generation
Sponsored content: Nigerian companies that generate their own electricity to bypass an unreliable grid are finding that self‑generation has become a costly drain on resources, according to a recent commentary. The Manufacturers Association of Nigeria reports that industrial players have spent over ₦1.1 trillion on self‑generation in recent cycles, diverting leadership, engineering staff and capital from core business growth. Every hour spent managing fuel supplies, inverters or battery maintenance is an hour lost to expanding market share or improving customer service. The article argues that treating power as a core utility distracts firms from their main mission and ties up capital in depreciating assets. Solar panels, batteries and inverters lose value quickly as technology advances, leaving balance sheets weighed down by obsolete hardware. Moreover, when a company‑owned system fails during peak hours, the business bears the full cost of downtime—emergency diesel switchover, production delays and repair backlogs. The piece recommends shifting to a Power‑as‑a‑Service model, where a specialist provider installs, owns and maintains the solar‑plus‑storage system under a service‑level agreement. The client pays only for the electricity consumed, avoiding upfront CapEx and transferring technology and performance risk to the provider. This approach improves return on capital employed, protects liquidity and can lower borrowing costs, as lenders favor asset‑light operations. The call to action: stop over‑allocating capital to non‑core power assets and partner with experts like Starsight Energy to secure reliable, uptime‑guaranteed power.