Naija Foodie Update

FOODIE NAIJA UPDATE (AWKA RESIDENTS PROTEST AGAINST POOR ELECTRICITY SUPPLY)

In a protest involving mainly traders from various communities, residents of Awka stormed the office of the EEDC carrying placards with various inscriptions.

According to them, the persistent low power supply is badly hurting their businesses.
Electricity is a basic necessity with which many businesses can thrive.
However, the absence of it has caused a lot of discomfort for business owners who compulsorily have to resort to other means to generate power or face the risk of a fallen business.

Hospitals, media organisations, SME’s such as frozen food sellers, beauty salons, cyber businesses among others have to run on generators which consume a lot of
fuel and eat deep into their pockets.

With the pump price of fuel having recently gone up and the current economic situation in Nigeria, business owners continue to complain of little profit to show for their efforts.

In a bid to help the economic situation, many financial analysts have offered various suggestions on diversifying the economy of the oil-focused nation, back
into areas like agriculture and
manufacturing.

There are hopes that as financial
institutions, the government and the private sector jointly work towards stabilising the economy, SMEs in Nigeria would soon begin to find doing business less difficult.

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