Brent crude, the international oil benchmark, climbed above $85 per barrel on Wednesday to its highest in more than two months. It stood at $84.72 per barrel as of 7:59pm Nigerian time on Thursday.
“Perhaps most embarrassing is the energy crisis, with our low generation and distribution problems; we can only boast of combined install generation capacity for of about 12,000MW, distribution of just 4000MW and abysmal 114kwh per capita for a population of over 200 million and running our industries on generators,” he added.
He had said, “All Nigerians depend on diesel. The reason is that manufacturers produce with diesel-powered generators; so, whatever they spend on diesel is added to the prices of their products. As far as Nigerians are buying those products, they are also paying part of the diesel price.
Buhari's government is a government of increase. At least there is change.
More trouble in the coming months. Talking about price reflection on goods and services
Many business projections have hit the rocks already and this is just Jan 2022 !!!!
Na now our day just break
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »