The Energy Crisis in Nigeria: A Struggle for Affordability
Energy has become unaffordable to average Nigerians who now seek other unhealthy means to cope with life exigencies, even as the government insists on subsidy removal
President Bola Tinubu’s administration has seen a rise in energy costs since May 2023, leading to energy poverty for many vulnerable Nigerians. The removal of the petrol subsidy resulted in a drastic increase in fuel prices, causing hardships for the citizens.
The devaluation of the Naira by the Federal Government further exacerbated the situation, affecting the cost of imported petroleum products. Despite efforts to alleviate the hardships, the Nigerian National Petroleum Company Limited eventually raised petrol prices due to mounting debts, causing further strain on the population.
As fuel prices soared above N1,000/litre, Nigerians faced petrol scarcity and resorted to various coping mechanisms, including embracing public transportation and turning to solar power for energy independence.
The increasing costs of energy sources have pushed many Nigerians into energy poverty, highlighting the urgent need for affordable and sustainable solutions to ensure the well-being of the population.