Power supply crisis hits manufacturers' revenue, products fail global test
Nigeria’s industrialists are losing their competitive edge globally as the country’s power supply woes drag down their revenues, OKECHUKWU NNODIM writes
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Nigeria’s industrialists are losing their competitive edge globally as the country’s power supply woes drag down their revenues, OKECHUKWU NNODIM writes
Due to grid failure, Nigeria's energy exports fell by $58.1 million in a single year, according to data from the Central Bank of Nigeria....
Nigeria’s electricity export crashed by $58.1m in one year amid grid collapse, The PUNCH has learnt. Data from the Central Bank of Nigeria showed that the value of Nigeria’s electricity export was $213.66m in 2021 but dropped to $155.56m in 2022. This represents a 27 per cent drop in earnings from crude oil exports. It |
Despite the Federal Government investing over N1.51 trillion in the industry since the current administration took office in 2015....