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OPS blames power, fuel crises on weak government policies


Fuel and electricity crisis. PHOTO: LABA ESEOGHENE

Fuel and electricity crisis. PHOTO: LABA ESEOGHENE

Organised Private Sector (OPS) has attributed the on-going fuel and electricity crises in the country to the “weak economic policies” of President Muhammadu Buhari and the All Progressives Congress (APC).

President of Abuja Chamber of Commerce and Industry (ACCI), Tony Ejinkeonye, who made the claim said about N1 billion was being lost daily among the Small and
Medium Scale Enterprises (SMEs) that cut across the six geo-political zones.

He urged government to quickly “intervene and
tackle” the twin problems before they totally cripple business activities in Abuja and other major cities and towns in the country.

Ejinkoenye lamented that productivity has sharply declined due to scarcity of fuel, while tens of thousands of employees have stayed off work as transport fares continue to rise

The sector also decried Buhari’s inability to put functional economic policies in place to manage the economy in a critical period of six months.

The ACCI president noted that with recent happenings in the power and petroleum sectors, government has failed most Nigerians and investors in the public and private sectors of the economy. “ACCI has made it clear to the government that the issue of unavailability of petroleum products and its importation portrays our country in bad light. It shows us as an incompetent manager of human and capital resources,” he said.

The President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Bassey Edem, also blamed the government for the epileptic power supply in most parts of the country.
Edem also blamed the National Assembly for the lingering poor power supply in the country, arguing that since government has privatised the power sector, electricity concessionaires should be given free hand to operate efficiently and effectively.

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