• Saturday, November 23, 2024
businessday logo

BusinessDay

National grid collapses for the first time in 2022

Here’re what FG can do to check grid collapses

Nigerians are groaning in darkness for the first time in 2022 after the national electricity grid suffered a major failure on Monday, seizing power supply to homes amidst scorching weather conditions.

The situation is exposing companies, businesses, and individual users to economic difficulties, as many Nigerians question why the system continues to fail despite huge million dollars investments.

Read also: EKEDC apologises to Lagos, Ogun residents over irregular power supply

The grid, which is being managed by the government-owned Transmission Company of Nigeria, was said to have collapsed on Monday, according to Eko Electricity Distribution Company and Ikeja Electric who confirmed the incident.

“The power outage you are currently experiencing is due to load shedding from the national grid. Normalcy will be restored as soon as capacity increases,” Ikeja Electric tweeted on Monday, January 17, 2022.

Dipo Oladehinde is a skilled energy analyst with experience across Nigeria's energy sector alongside relevant know-how about Nigeria’s macro economy. He provides a blend of market intelligence, financial analysis, industry insight, micro and macro-level analysis of a wide range of local and international issues as well as informed technical rudiments for policy-making and private directions.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp