List of Businesses that will perish when power become stable in Nigeria

If Nigeria is able to achieve steady power supply, a lot of manufacturing companies and SMEs will achieve tremendous growth in productivity and profitability. The improvement in productivity will lead to more employment opportunities and overall economic growth.

However, some businesses will be badly affected as they are only able to flourish due to the poor state of power in the country.
Some of these businesses are

1. Phone charging business :
This business will go into extinction in the presence of stable grid supply. The idea of phone charging business came into existence at the time when power was very inconsistent and demand for mobile phones had skyrocketed.

2. Diesel Suppliers :
Manufacturing firms and some service companies like banks purchase large quantities of diesel to power their generating set in order to carry out their daily operations.
Diesel is a huge cost producers are battling with as it add to their overall cost of production and eat deep into their profit. A steady grid supply will put many diesel suppliers out of business.

3. Cooking gas business :
This business faces decline in sales anytime the power supply is improved. Most houses will take advantage of their electric cooker/hot plate, electric kettle, boiling ring etc to take care of their cooking needs in the event of steady supply.

4. Rechargeable Lamp business :
Who need a Torchlight or a Rechargeable lamp when there's steady grid power?
In developed countries, the lamps are popularly called emergency lamps which serve as backup to provide some minutes of lighting before power is restored (when there's power outage) , unlike Africa, that they are used for everyday lighting.

5. Power generator/Plant/Solar Inverter business:
Almost every business in Nigeria has one or two power generators. The demand for these power generators is clearly due to poor grid supply in the country.
You can imagine what will happen to these businesses if Nigeria is able to achieve 24hrs power supply.

Add yours

So what are you saying, that steady power supply should not achieved?

Abudu2000:
So what are you saying, that steady power supply should not achieved?

I'm only stating businesses that will likely go down if power become stable.
Steady power supply will surely open up new opportunities and the businesses affected by the stable supply will divest and take up this new opportunities.

Mama Put Bizness

drmuchin:
Mama Put Bizness

I don't think so. How will steady power supply affect mama put business?
Does mama put business thrive on the lack of stable power supply?

olaztek:
List of Businesses that will perish when power become stable in Nigeria

If Nigeria is able to achieve steady power supply, a lot of manufacturing companies and SMEs will achieve tremendous growth in productivity and profitability. The improvement in productivity will lead to more employment opportunities and overall economic growth.

However, some businesses will be badly affected as they are only able to flourish due to the poor state of power in the country.
Some of these businesses are

1. Phone charging business :
This business will go into extinction in the presence of stable grid supply. The idea of phone charging business came into existence at the time when power was very inconsistent and demand for mobile phones had skyrocketed.

2. Diesel Suppliers :
Manufacturing firms and some service companies like banks purchase large quantities of diesel to power their generating set in order to carry out their daily operations.
Diesel is a huge cost producers are battling with as it add to their overall cost of production and eat deep into their profit. A steady grid supply will put many diesel suppliers out of business.

3. Cooking gas business :
This business faces decline in sales anytime the power supply is improved. Most houses will take advantage of their electric cooker/hot plate, electric kettle, boiling ring etc to take care of their cooking needs in the event of steady supply.

4. Rechargeable Lamp business :
Who need a Torchlight or a Rechargeable lamp when there's steady grid power?
In developed countries, the lamps are popularly called emergency lamps which serve as backup to provide some minutes of lighting before power is restored (when there's power outage) , unlike Africa, that they are used for everyday lighting.

5. Power generator/Plant/Solar Inverter business:
Almost every business in Nigeria has one or two power generators. The demand for these power generators is clearly due to poor grid supply in the country.
You can imagine what will happen to these businesses if Nigeria is able to achieve 24hrs power supply.

Add yours

Chairman, I strongly disagree on that your no 3.
U dare not try it if u are using a prepaid meter, only those on estimated billing can do that.

olaztek:

I don't think so. How will steady power supply affect mama put business?
Does mama put business thrive on the lack of stable power supply?

People will cook and store in their fridge

Zico777:

Chairman, I strongly disagree on that your no 3.
U dare not try it if u are using a prepaid meter, only those on estimated billing can do that.

You're right. Those electrical devices consume lots of energy and would be too expensive for prepaid meter users.
Houses on estimated billiing are able to save a lot of money using those devices.