Power outages, costly petroleum products catalysts for increased poverty – Peter Obi

The Labour Party, LP, presidential candidate in the 2023 general elections, Peter Obi, says power outages and costly petroleum products could lead to increased poverty in Nigeria.

Obi stated this in a post on X on Sunday, stressing that the negative impact of the recurring power outages on businesses, especially small businesses is unimaginable.

The former Anambra State Governor lamented how the Northern parts of Nigeria have been facing a total blackout for several days now.

“The continued power outages in many parts of the country, particularly in the Northern and Eastern States, as well as South-South states, have remained a cause of grievous concern.

“The negative impact of the continued power outage on businesses, especially small businesses, who depend primarily on public power supply to sustain their businesses as a means of livelihood, is unimaginable.

“This power crisis, when combined with the present high cost of petroleum products and a harsh operating environment, remains a lethal recipe for widespread business failure and increasing poverty in the country,” he tweeted.