Vice President, Prof. Yemi Osinbajo, has shown that the power sector lost N163.944 billion in the first 131 days of 2018.
This is coming as the Nigerian Electricity Regulatory Commission (NERC) has said it would not take the current rainy season as an excuse from operators in Nigeria’s power sector for any case of electricity accidents in the country, stating that it would not hesitate to penalise any of them whose operations result to such accidents.
According to the data, the estimated amount lost to insufficient gas supply, distribution, transmission and water reserves in the first 131 days of 2018 is N163, 944,000,000.
The report showed that the country’s power sector has continued to record massive losses in its operations owing to various operational constraints which include inadequate gas supplies, poor distribution and transmission facilities, as well as water reserves management.
This is coming as the Nigerian Electricity Regulatory Commission (NERC) has said it would not take the current rainy season as an excuse from operators in Nigeria’s power sector for any case of electricity accidents in the country, stating that it would not hesitate to penalise any of them whose operations result to such accidents.
According to the data, the estimated amount lost to insufficient gas supply, distribution, transmission and water reserves in the first 131 days of 2018 is N163, 944,000,000.
The report showed that the country’s power sector has continued to record massive losses in its operations owing to various operational constraints which include inadequate gas supplies, poor distribution and transmission facilities, as well as water reserves management.