Nigeria’s power sector loses N300bn in 7 months – VP’s Office

Nigeria’s power sector loses N300bn in 7 months – VP’s Office

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Nigeria’s power sector in seven months of 2018 has lost N300 billion due to insufficient gas supply, distribution and transmission infrastructure.

A report obtained from the Office of the Vice President, Yemi Osinbajo, stated that “estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2018 is N300 billion.”

The report noted that the peak average power to date, stands at 4,557 megawatts hour per hour (MWH/H), which was achieved on the second of February 2016, while the peak generation to date, obtained 18 December, 2017, is 5,222mw.

Source: Vanguard


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