Connect with us

News

National Grid Collapse Plunges Nigeria Into Darkness, Devastating Small Businesses And Economy

Published

on

By Kayode Sanni-Arewa

Following an unprecedented national crisis, Nigeria is dealing with a catastrophic power grid failure that has left the country in darkness for the past four days.

The catastrophic failure of the national grid has dealt a severe blow to businesses across the country, particularly small businesses, artisans, and frozen food stores, which rely heavily on consistent power supply to function properly.

Nigerians from all walks of life are reeling from the devastating impact of the prolonged power outage, as the lack of electricity continues to wreak havoc on the economy, causing widespread disappointment and despair.

Advertisement

According to investigations by The Leadnews, small businesses, the backbone of the economy, are bearing the brunt of the crisis, struggling to stay afloat in the face of an ongoing power outage that shows no signs of abating.

The ongoing power grid failure, described as the worst in recent memory, has sparked a flood of complaints from citizens who are dealing with the dire consequences of the outage.

Businesses have been paralysed by the inability to power essential equipment, run operations, and keep perishable goods refrigerated, resulting in significant financial losses and jeopardised livelihoods.

As the situation worsens with no immediate solution in sight, the economic fallout from the power grid failure becomes more dire, threatening to exacerbate the nation’s already difficult challenges.

Advertisement

The power outage is affecting not only businesses but also millions of Nigerians’ daily lives, emphasising the critical need for prompt and decisive action to restore power and prevent further economic damage.

In the face of this escalating crisis, stakeholders are urging immediate action to address the root causes of the power grid failure and implement long-term solutions to prevent such a catastrophe from occurring again

The Nigerian people’s collective resilience and determination remain strong, but the critical need for a functional power infrastructure to propel the country towards a brighter and more prosperous future cannot be overstated.

As the country deals with the aftermath of this unprecedented power grid failure, concerted efforts are needed to restore power, assist affected businesses, and protect the economy from further harm.

Advertisement

The Nigerian people’s resilience and unity will be critical in overcoming this difficult period and rebuilding.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Reps Urge FG To Make Available Reliable Data On Housing Deficit

Published

on

 
By Gloria Ikibah 
 
The House of Representatives has called on the Federal Government to provide scientific, verifiable data on the housing deficit and improve access to affordable housing in the Nigeria.
 
This resolution was sequel to the adopting of a motion by Rep. Emmanuel Ukpong-Udo, member representing Ikono/Ini Federal Constituency of Akwa Ibom State, on the “Provision of affordable housing in Nigeria,” Tuesday at plenary. 
 
Rep. Ukpong-Udo who noted that data is considered an important factor in the planning and execution of projects across all tiers of government, said the housing sector in Nigeria, with a huge deficit, lacks veritable data for planning and execution of housing policies and strategies.
 
He stated: “The House is aware that according to the world population review, over 24 million people in Nigeria are homeless, with no appropriate access to proper dwelling with some basic social amenities.
 
“The House is worried that Nigeria is among the top 10 countries with homeless populations, leading with 24 million, followed by Pakistan, Egypt, Syria, and Congo.”
 
The House also expressed displeasure that the country relies on the World Bank report for housing data, and that for a nation to grow and enjoy stability, there is the need to have its housing data as well as a market that works efficiently and provides decent shelter for its citizens.
 
The House unanimously adopted the motion and mandated its Committee on Housing and Habitat to liaise with the Federal Ministry of Housing and Urban Development to address the lack of credible, scientific, and verifiable data on the state of housing in the country and ensure access to decent and affordable housing.
Continue Reading

News

Provide Adequate Security For Transmission Towers Across Nigeria – Reps Tell FG

Published

on

By Gloria Ikibah
The House of Representatives has charge the Federal Government through the Ministry of Interior, to urgently provide adequate security for Transmission Towers across the country to avoid future occurrences of vandalism.
This was sequel to the adoption of a motion of urgent public importance by Rep Oboku Oforji, lawmaker representing Yenagoa/Kolokoma-Opokuma federal constituency of Bayelsa State on Tuesday at plenary.
In his lead debate, Rep. Oforji noted that on July 29, 2024, residents of Yenagoa and Bayelsa State in general woke up to a total blackout occasioned by the collapse of a Transmission Station between Emezhi and Mbaima in Ahoada East Local Government Area of Rivers State and three others between Igbogene and Nedugo Agbia in Yenagoa Local Government Area of Bayelsa State.
According to him, the Bayelsa State Government in collaboration with the Transmission Company of Nigeria, swiftly swung into action to address the challenges that has culminated in dwindling of socio-economic activities in the state.
He further noted that saddened that on the 19th of November, 2024, just as the work was nearing completion, at Ula-Akpata, in Ahoada East Local Government Area of Rivers State, some hoodlums went and vandalised a section of the lines.
The motion reads in part: “By this development, the woes of the residents of Bayelsa State still subsist for one or two days, because as we speak the people of the State are in total blackout, this has been the situation for over 4 months.
“The efforts of the Bayelsa State Government in mobilizing financial and material resources to support the Transmission Company of Nigeria (TCN) is highly commended. However, proactive measures must be taken to forestall future occurrences of vandalism of these Transmission Towers.
“As a representative of my people this brings to mind the provisions of Chapter II of the 1999 Constitution of Nigeria (as amended) which talks about our economic and social rights as citizens, which I believe should not be taken for granted by the government”.
The House adopted the motion and mandated its  Committees on Interior and Power to ensure compliance.
Continue Reading

News

JUST IN: Tinubu Heading For France

Published

on

President Bola Ahmed Tinubu will depart Abuja on Wednesday for a state visit to France.

According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, President Emmanuel Macron invited his Nigerian counterpart to the European country.

Onanuga said the three-day visit will focus “on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, particularly in agriculture, security, education, health, youth engagement and employment, innovation among others”.

“President Tinubu who will be traveling with the First Lady Sen. Oluremi Tinubu, will be received on Thursday at the 350-year-old French military museum, Les Invalides and Palais de l’Élysée, by Macron and his spouse, Brigitte, for initial ceremonies that will dovetail into bilateral meetings.”

Advertisement

“During the visit, President Tinubu and President Macron will harmonise positions on stimulating more interest in exchange programmes that focus on skill development for youths and improving their competencies in automation, entrepreneurship, innovation, and leadership.

“Both leaders will participate in political and diplomatic meetings highlighting shared values on finance, solid minerals, trade and investments, and communication. They will also witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.

“Brigitte and Nigeria’s First Lady will discuss the latter’s passion for empowering women, children, and the most vulnerable through the Renewed Hope Initiative,” the statement read.

Tinubu and his wife who will be hosted to a state dinner by the French leader before their departure, will be accompanied by top government officials.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News