Private hospital operators in Lagos have warned that soaring electricity costs are becoming one of the heaviest fixed costs in Nigerian healthcare and will feed into what patients pay, Vanguard reported on August 17.
Olubisi Oyeniran, managing director and chief executive of Iwosan Lagoon Hospitals, said power is one of the biggest issues in running healthcare because it comes at a huge cost. The comments were made at the opening of a new Iwosan Lagoon outpatient clinic in Alaro City, Epe.
Oluwatomi Kogo, managing director of the outpatient clinic, said the facility intends to develop into a larger hospital within the next 12 months, with at least 10 beds and full laboratory and radiology units.
Ngozi Onyia, managing director of Paelon Memorial Hospital, called for government support through favourable policies, targeted tax relief and dedicated funding for health facilities carrying diesel and tariff exposure.
Iwosan Healthcare secured its fifth Gold Seal of approval from Joint Commission International in 2024 and maintains SafeCare Level 5 standards, an accreditation load that itself carries cost.
Oluwaseyi Ashade, head of corporate affairs at Alaro City, said the strategy in new developments is to build infrastructure ahead of demand as residential communities grow.
Why it matters: Energy costs are now a direct driver of Nigerian medicine and consultation prices, pushing more chronic care out of reach for salaried households.
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