Dealing with Nigeria’s perennial energy crisis
Nigeria’s economy was declared as the biggest in Africa in 2014. However, the vulnerability of the economy nay the country has been exposed by the perennial energy crises the country has had to contend with. By energy crisis I mean the challenges being faced by the citizenry in getting affordable and steady supply of petroleum products and electricity. Barely two weeks of strikes by oil marketers and unions the country’s economy has suddenly become comatose. As at Monday, May 25, 2015, petroleum products had become so scarce and prices astronomic to the extent that many public and private businesses either commenced skeletal operations or shut down completely. Banks began to close by 1pm instead of 4pm. Some electronic media outfits drastically reduced their broadcast time from 24 hours to barely 8 hours per day. Telecommunication companies informed customers of their intention to embark on degraded services while many flights were cancelled by airline operators. Even the secur...