BREAKING: Nigeria’s economy crumbles as Energy crisis hits harder

By Eyo Nsima

The worsening energy crisis has disrupted operations in virtually all sectors of Nigeria’s economy, thus forcing investors to go to other countries.

According to The Daily investigation, the crisis affected the nation’s Ease of doing business, compared to other countries in Africa that have created conducive investment environments for investors.

For instance, a Lagos-based Lagos investor, said: “It has become very difficult doing business in Nigeria. You cant move from one place to another for various reasons, including insecurity, petrol scarcity, aviation shortage and even the high cost of diesel.

“Investors and others do not have  constant power, even when they are ready to pay for it. Also, even when they want to generate their power, they do at a very high cost because the feedstocks are not easily available.”

.Details coming later