[FILES] A general view of a power distribution plant which has ran out of power supply following a collapse of the national grid resulting in total blackout in Lagos, Nigeria’s commercial capital, on March 15, 2022. • Afe Babalola University opts out of Benin Disco network• Buhari’s aide, Zakari describes grid collapse as sabotage
In particular, the Automotive Gas Oil , popularly known as diesel, has spiked by about 200 per cent in the last six months as escalating energy costs continue to bite many investors and Nigerian businesses. This has compounded the unemployment situation, while breeding more miscreants in the Southwest, where many of the nation’s industries are located, especially Lagos and Ogun states.
Those affected are potable water factories, laundry services, sawmills, fashion designers, automobile car checks, welders, furniture homes, canteens, pubs, hotels and spas, hairdressers and cold room dealers. According to him, many of the factory owners run on estimated billing plans, as less than five per cent of them are metered by the electricity company.
A member of the Saw Mill Association in Ore, the headquarters of Odigbo Local Government Area, Abdulganiyu Adewale, who is now a commercial motorcycle rider, recounted a similar experience. He said BEDC sent him out of business. Like most houses that are not on prepaid meter, he said he used to be billed on an estimated basis but rejected it and asked BEDC to disconnect his business from the national grid.
“We are already finding it extremely difficult to pay the crazy billings,” he said, adding that from the monthly bill payment of N3 to N4 million he met in 2018, “the monthly bill now averages N8 million. “Given this, FUOYE management is seriously looking inward in the direction of renewable energy infrastructure for power supply. Recent proposals from investors are welcome for consideration. Moreover, the business model in terms of contract and financing has been a major concern.
IN Oyo State, industrialists and artisans, whose businesses depend on electricity, have lamented the poor state of supply. They expressed displeasure over the epileptic power supply, just as they complained of outrageous charges, which according to them, have negative impacts on their businesses and forcing many to close shops daily.
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