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National Grid Collapse Plunges Nigeria Into Darkness, Devastating Small Businesses And Economy
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.
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.
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.
The Nigerian people’s resilience and unity will be critical in overcoming this difficult period and rebuilding.
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JUST IN: Tinubu Heading For France
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.”
“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.
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