Nigerians groan as energy crisis worsens
•Fuel shortage worsens in Lagos, Abuja, Oyo •Diesel price hits N820 per litre, hinders fuel distribution •Households, firms, others suffer as power supply drops •Cooking gas price rises 38.46% in H’1, 22 •Airlines panic as price of aviation fuel surges to N760 per litre THERE were clear indications, yesterday, that the worsening energy crisis has scuttled operations in different sectors of Nigeria’s economy, thus causing some investors to move to other nations. Specifically, investigation by Vanguard showed that it has affected the ease of doing business in Nigeria, compared to other African countries, including Ghana and Angola, where investors, including Dunlop, have gone to invest their resources. It also indicated that the energy crisis, manifesting in forms of the prolonged fuel shortage, rise in the prices of diesel, aviation fuel and cooking gas as well as epileptic power supply, has negatively impacted on individuals and households. For instance, transporters, yesterday, increa...