Nigeria, Africa’s biggest economy, suffered a collapse of national transmission systems 12 times in 2023 as citizens became 20 per cent poorer in the year. In an illuminating disclosure during Channels TV’s “2023: Year Of Transition” special end-of-year program, Bismarck Rewane, the Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, revealed that the national grid grappled with 12 collapses throughout the year. Addressing the nation’s energy challenges, Rewane emphasized this concerning pattern, citing the most recent system failure on December 11, 2023, which plunged the country into…
Read MoreNational Grid Collapsed 12 Times, Nigerians 20% Poorer In 2023 – Rewane
