Double hardship: Nigerians battle blackouts, as petrol hits ₦1,500

Nigerians battle hardship

Nigerians are facing deepening economic hardship, as rising global oil prices, triggered by the ongoing Middle-East conflict involving the United States, Israel and Iran, push domestic petrol prices to about ₦1,500 per litre, while electricity supply remains erratic. The surge in crude oil prices above $100 per barrel, worsened by disruptions around the Strait of Hormuz, has driven-up fuel costs across Nigeria, with prices rising sharply from about ₦800 in late February. Across the country, households and businesses are grappling with a dual crisis of expensive fuel and prolonged power…

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‘Electricity supply may worsen nationwide’ – NISO

NISO on electricity

Nigeria’s already fragile electricity supply has taken another hit, as the Nigerian Independent System Operator (NISO) disclosed that average power generation has plunged to about 4,300 megawatts (MWs), crippled by a severe shortage of gas to thermal power plants. In a statement issued yesterday, NISO confirmed that inadequate gas supply to thermal generating stations,  which dominate Nigeria’s electricity mix is the primary reason for the sharp decline. According to the operator, the country’s current available generation hovers around 4,300MW, far below what is required to stabilize supply across homes and…

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