Power sector lost N201.3bn in six months – Report

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The daily financial losses in Nigeria’s power sector since the beginning of this year have risen to N201.3bn, findings from the Office of the Vice President showed on Wednesday.

Data from the Advisory Power Team in the Vice President’s office in Abuja showed that the N201.3bn loss accumulated between January 1 and June 5 this year.

It was also gathered that the industry lost about N1.7bn on June 5, 2018 alone due to insufficient gas supply to power generation companies and the non-availability of distribution and transmission infrastructure.

Source: The Punch

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