Businesses Suffer As Electricity Crisis Festers

Nigerians are lamenting the consequences of epileptic power supply that has characterized the Nigeria Electricity Supply Industry (NESI) in recent times.

Nigeria’s electricity generation, which was around 4,000 Megawatt (MW) in the past 10 years, has further plunged to 3,500 MW lately.

The drop in generation was attributed to the inability of the electricity generation companies to pay for gas suppliers that feed their plants, according to people with knowledge of happenings in the industry.

The Minister of Power, Adebayo Adelabu, had said that gas companies are being owed over N3 trillion, with the government having N1.3 trillion debt yet to be redeemed.

Similarly, the lack of rainfall because of the dry season has reduced the flow of water to hydro power plants that contribute 27 per cent of electricity to Nigeria’s energy mix.

Business owners grumble

With the price of alternative energy from fossil fuel rising by more than 100 per cent due to removal of subsidy, small business owners who spoke Daily Trust on Sunday said the continued poor power supply from the national grid is having huge negative effects on their businesses.

This is just as they said they have stopped buying large quantities of perishable goods due to poor electricity to sustain their ventures.

The most affected include barbers, hairdressing salons, welders, printers, computer operators, dry cleaners, cold soft drink vendors, grinding machine operators, restaurateurs, tailor, who use industrial sewing machines, among others.

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