"I had to sell some at a loss, things I should sell for 2,500 naira ($1.85), I sold for 1,500 naira or even less just to avoid losing everything. I used to fill my freezer with chicken, turkey, and fish. Now I limit what I buy because I'm scared it will spoil."
"The program is not just about settling legacy debts, but aims to restore confidence across the power sector. Ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably."
"The move still wouldn't even solve all of the indebtedness but it would pay gas producers an amount or a part of what's owed them. Of course, that would mean that there'd be more gas available for the power sector."
Blessing Johnson, a frozen food vendor in Abuja, has reduced her stock due to frequent power outages that spoil her goods. Earlier this year, she faced nearly two months without electricity, leading to significant losses. Nigerian President Bola Tinubu approved a payment of 3.3 trillion naira to settle debts owed to power generation companies, aiming to improve the power sector's reliability. However, experts caution that this measure alone will not resolve all issues within Nigeria's energy sector.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]