Power crisis fuels Inflation, job losses — consumer group

Nigeria's ongoing electricity shortage is significantly contributing to rising inflation and a decline in employment, particularly within the manufacturing sector. The unreliability of power supply forces businesses to incur substantial costs for alternative energy sources, such as generators and fuel. This increased operational expense is then passed on to consumers through higher prices, exacerbating the inflation problem. Furthermore, the added financial burden and operational inefficiencies hinder business growth and lead to workforce reductions.

The persistent power crisis directly impacts the cost of living and economic stability for Nigerians, affecting both household budgets and the overall job market.