President Buhari's office is expected to spend ₦46 million to fuel generators in 2019

09/26/2019

Posted by: Jane Osuagwu

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Lack of adequate supply of electricity in the country is a major constraint that residents face, even the office of the presidency. The total fee President's office expect to spend on fuel generators goes up to ₦46 million this year. What do you think?

The office of President Muhammadu Buhari proposes to spend ₦46 million to fuel generators this year, according to the 2019 budget.

The budget showed that 1,358 intended expenses are generator-related. In Nigeria, it has been discovered that residents spend $12 billion (₦4.332 trillion) yearly just to fuel generator in household and business premises.

president-buharis-office

As the most important office in Nigeria, that total fee for fuel generators at Buhari's place is understandable

Based on a survey conducted by a top polling agency called NOI Polls, households who use electric grid had a power supply for 9.2 hours daily in the first six months of 2019.

As presented here on Naijauto, part of the survey report says,

"To keep out the darkness, households own and operate an estimated 22 million small gasoline generators, whose combined generating capacity is eight times higher than on-grid supply, according to a June 2019 presentation by Dalberg, a global policy and advisory firm. Businesses and individuals spend about $12 billion a year, twice the country’s annual infrastructure budget, fueling these generators."

generators-in-Nigeria

Nigerians spend $12 billion (₦4.3 trillion) yearly just to fuel generator in household and business premises

>>> Did you hear how much each senator will get for the proposed car buying spree? SHOCKING: Each of 69 senators in the 9th Senate will get ₦50 million to buy their official car!

The International Monetary Fund has singled out the absence of electricity and unstable power supply as the major constraints faced by businesses in Nigeria. This inadequacy brings about a yearly economic loss estimated at $29 billion (₦10.469 trillion)

Similarly, a survey conducted by the World Bank in 2014 noted that 27 percent of Nigerian companies inferred that electricity is the primary hindrance to running a business in Nigeria.

 World Bank quoted that,

"power outages and deficient power infrastructure in Sub-Saharan Africa had a measurable negative impact on economic growth over the period of 1995−2007."

Everyone knows the importance of electricity in the running and expansion of a business. When the expenses on electricity get high, it will affect the running cost of a business and bring about low competition.

>>> Catch up on the latest car news updates here on our news section on Naijauto.com!

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Jane Osuagwu

Jane Osuagwu

Car prices

Jane Osuagwu is an automotive writer at Naijauto.com. She's a car enthusiast who loves creating educative and informative topics on cars, ranging from maintenance tips to updates on the latest trend in the auto industry in concise and friendly writing. 

Jane is also a blogger and loves reading, inspiring people and getting involved in personal development projects.

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