Fuel, power crunch grips Nigeria

ABUJA. – Nigeria’s President Muhammadu Buhari has offered apologies to his countrymen over some recent economic issues centring on fuel scarcity and power grid failures.

In a statement issued via Twitter on Wednesday, the Nigerian leader said he “deeply regret the inconvenience caused Nigerians, following a prolonged shortage of petroleum products…”

His apology comes after weeks of fuel scarcity, and energy crisis that have overwhelmed the West African country, causing long queues at filling stations and affecting many households and small businesses.

Earlier this week, a nation-wide grid failure worsened the energy crisis. Power distribution companies sent out statements suggesting a “total system collapse” and promising that the situation was being monitored to determine its cause in order to give solutions.

Till date, many Nigerians say they still do not have access to electricity as the problem lingers on. In the statement the president noted that his administration was aware that “the fuel shortage has placed a strain on Nigerian citizens and businesses.”

He also apologised to every Nigerian for the inconvenience and promised that his government was working hard to address the issue soonest. – africanews.com

Related Posts

Govt ups ante on reforms to boost industry

Nqobile Bhebhe Zimpapers Business Hub The high cost of regulatory compliance is an albatross around the neck of local industry, prompting the Government to intensify reforms to make the business…

ZB marathon promotes wellness, tackles drug abuse

Business Reporter ZB Financial Holdings will host the ZB @75 Marathon on Sunday, September 20, at ZB Sports Club in Vainona, Harare, as part of its efforts to promote healthy…

Leave a Reply

Your email address will not be published.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