There are a lot of problems faced by small business owners in Nigeria, but lack or inadequate power supply tops them all.
These days, with the unpredictability of electricity supply, you simply can not tell if a business day is going to be good or not.
So, in a bid to boost and ensure the survival of Small and Medium Enterprises (SMEs) in the country, the Federal Government has concluded plans to boost power supply to Ariaria International Market in Aba, Abia State.
The Managing Director, Rural Electrification Agency and Special Assistant to the Vice President on Power, Mrs. Damiola Ogunbiyi, said:
- The power project is to be executed by Total Support Energy, an Independent Power agency, would, when completed, will provide 24 hours power supply to the market.
- The aim was to ensure adequate and sustainable power supply to traders and artisans at Ariaria International Market.
- Traders at the market are key to the economic growth of the country, especially now that the Federal Government is committed to promoting the local manufacturing sector, expressed hope that the power project, on completion, would reduce the cost of power supply to the traders.
- The essence of the meeting was to interact with leaders of various unions in the market and to also get accurate data, number of traders, shops and an estimate of power regularly consumed on daily basis to enable them provide the needed amount of power required by the traders and fabricators to power their equipment.
- The power plant project was specifically for Ariaria Market.
- Geometrics Power Company would be providing power to homes and offices in the commercial city and its environs.
With over 200,000 shops with an average of 10,000 customers patronising it on daily basis, it is hoped that the number would increase as soon as this project is actualised.
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