Nigeria’s power sector records N187bn loss in 6 months

0 55

The electricity sector has recorded losses amounting to N187 billion as a result of inadequate gas, poor distribution and transmission as well as water reserves constraints.

The losses recorded between December, 2017 and May, 2018 has affected the generation, transmission and distribution of adequate and stable electricity to consumers in Nigeria.

A report obtained from the office of the Vice President, Yemi Osinbajo, which did not provide the breakdown simply stated: “The dominant constraint on May 26, 2018 remained unavailability of gas – constraining a total of 2,232.4MW from being available on the grid.”

“Estimated amount lost to insufficient gas supply, distribution, transmission & water reserves to date in 2018 – N187,197,000,000 (One Hundred and Eighty Seven Billion One Hundred and Ninety Seven Million Naira only).”

Source: Vanguard


Get more news like this directly in your inbox

Leave A Reply

Your email address will not be published.