Nigeria’s power grid at around 11:27am on Wednesday collapsed for the seventh time in 2022, causing blackouts in many parts of the country. The Eko Electricity Distribution Company confirmed the collapse yesterday, stating that it was at the time working with the Transmission Company of Nigeria (TCN) to determine the cause of the collapse.
Current situation
Nigeria’s power grid failure has become a worrisome concern for citizens of the country at a time when the price of fuel recently increased from N145 per litre at the start of the year to N179 per litre as of yesterday.
The reoccurring collapse has hit Nigerian businesses the hardest, with the cost of running a business increasing with the rising economic challenges.
What they are saying
Presidential candidate of the People’s Democratic Party (PDP) stated that to solve the reoccurring issue in the power sector Nigeria needs to finance infrastructures “that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.”
What you should know
The major causes of the collapse of the national grid in Nigeria include low gas supply, poor management, sabotage, and vandalism.