A consumer rights and power sector advocacy group, PowerUp Nigeria, has blamed the country’s persistent electricity crisis for rising inflation, escalating production costs, and worsening job losses across the manufacturing sector.
The Executive Director of PowerUp Nigeria, Adetayo Adegbemle, stated this in a release on the state of Nigeria’s power sector, arguing that inadequate and unreliable electricity supply remains one of the biggest obstacles to economic growth and industrial development in the country.
According to him, the electricity sector crisis has evolved beyond a utility challenge and has become a major impediment to Nigeria’s economic aspirations.
The electricity sector, he said, represents far more than a utilities problem; it is the backbone upon which Nigeria’s industrial renaissance must be built.
He noted that the manufacturing sector has been one of the hardest hit by the country’s electricity challenges, with more than 60 per cent of manufacturing firms reportedly abandoning the
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