Hospital Electricity Costs in Nigeria Will Raise Care Prices, Operators Warn

LAGOS, NIGERIA. Private hospital operators in Lagos State said hospital electricity costs and foreign exchange pressure are squeezing hospital finances and will push up the cost of care, and asked government for subsidies and tax relief to keep services affordable.

The operators spoke at the opening of a new Iwosan Lagoon Hospitals outpatient clinic in Alaro City, a 2,000-hectare master-planned development in Epe, Lagos State, in remarks reported by Vanguard on Aug. 17.

“Generally, we need an enabling environment for investments to thrive. For instance, power is one of the biggest issues in running healthcare because it comes at a huge cost,” said Olubisi Oyeniran, managing director and chief executive of Iwosan Lagoon Hospitals.

Hospital electricity costs meet foreign exchange pressure

Vanguard reported that hospital electricity costs and currency pressure were the operators’ central complaints, alongside their call for tax relief and targeted subsidies.

Oluwatomi Kogo, managing director of the Iwosan Lagoon Outpatient Clinic and Iwosan Wellness Centre, said the site would expand. “Within the next 12 months, we intend to develop into a larger hospital. This means we will have at least 10 beds to admit, a full laboratory and a radiology unit,” she said.

Oluwaseyi Ashade, head of corporate affairs at Alaro City, said a growing city needed a healthcare partner. Ngozi Onyia, managing director of Paelon Memorial Hospital, was among the operators who raised hospital electricity costs at the event. Iwosan Lagoon Hospitals received its fifth Gold Seal of approval from Joint Commission International in 2024.

Why it matters: Energy costs feed directly into consultation and admission prices, widening the affordability gap for chronic care patients in Nigeria.

Source: Vanguard, 17 August 2026,