I think Northerners are jealous of Lagos's potential, and, because of this, they have refused to deregulate the electricity sector. This is just my theory and is based on anecdotal evidence, so don't ask me for any link. My reasons for saying this are (1) The Govt. does not want to deregulate the electricity sector because stable electricity will advance Lagos's potential, to be a mega city that will attract international investors; (2) many foreign investors would rather invest in Lagos, i.e., Eko Atlantic City, especially if Lagos has stable electricity; (3) even if the generator-importers mafia and the diesel-sellers mafia are worried about the possibility that their business will obliterated if there is stable electricity, the Govt. can give these mafiosos shares in any private energy companies that will be formed, but the Govt. still does not consider this a viable option. My theory is that these Northerners will rather have Nigeria stay without electricity so that Lagos will not realize its true potential, all because of jealousy. Even if the Northerners are afraid of losing money if the electricity sector is deregulated, they could give themselves a monopoly (if they wanted to) over any new private energy companies that would be formed if the energy sector is deregulated and they will stand to make as much, if not more, money from this monopoly. I bet that these Northerners will rather not make the money than see Nigeria, especially Lagos, with stable electricity.