National grid collapse
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Nigeria loses an estimated $26 billion yearly to power failures. This is according to the latest Africa Trade Barometer report which said the cost excludes spending on off-grid generators. “Economic losses arising from Nigeria’s electricity shortages are estimated to be USD 26 billion annually, without accounting for spending on fuel for off-grid generators, which is…
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The Minister of Power, Adebayo Adelabu, has said that the majority of Nigerian manufacturers, industries and other bulk electricity users have boycotted the country’s national grid over a lack of trust and confidence. The minister disclosed this on Thursday in his speech at the retreat of the board of the Nigeria Electricity Liability Management Company…
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