Crises, when govt fails to honour agreements
By Adekunle Adekoya AT the moment , nothing seems to be working in the country. Well over a month ago, what seemed to be an isolated incident has ballooned into a major crisis that is threatening the nation’s economic jugular. Mid-February, a power outage occurred when two units at the Egbin Power plant suffered damage as a result of a fire, leading to loss of about 603 megawatts, MW, of electricity. As the GenCo struggled to revive the plant, queues started growing at petrol stations across the country. An aghast nation was told that bad petrol got into the country while our quality control and assurance system was holidaying. As usual, we still do not know how what happened, despite presidential threats and inquests, apart from players in the sector pointing accusing fingers at each other. Meanwhile, woes in the electricity sector worsened as the national grid suffered two system collapses one after the other. Last Sunday, the generating companies hit Nigerians in the belly by saying...