Power sector shortfall hits N1.5t, says DisCos - The Nation Nigeria

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 69%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Power sector shortfall hits N1.5t, says DisCos

Electricity Distribution Companies have said the power sector shortfall has hit N1.5trillion, resulting in different unfavourable conditions.

According to the Executive Director, Research and Advocacy, Barrister Sunday Oduntan, over 40 percent of electricity consumers do not pay their electricity bills while indulging in illegal connection of electricity. In a presentation by the Discos during a Senate Public Hearing earlier this week, the DisCos showed an instance where out of N27.7bn only that was billed for energy consumed in 2019 by unmetered customers, only N5.2bn was recovered.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DisCos seek synergy with TCN, GenCos on 7,000MW targetThe power Distribution Companies (DisCos) have supported calls for effective coordination and alignment of power generation, transmission and distribution expansion projects towards attaining the 7,000 megawatts (MW) power grid Read more:
Source: Daily Trust - 🏆 13. / 51 Read more »

World Bank approves $750m for power sector - The Nation NigeriaThe World Bank has approved $750 million in International Development Association (IDA) credit for Nigeria's Power Sector Recovery Operation (PSRO)...
Source: TheNationNews - 🏆 6. / 69 Read more »

World Bank okays $750m for Nigeria’s power sector|p style=
Source: MobilePunch - 🏆 8. / 63 Read more »

W’Bank Seeks Improvement in Nigeria’s Power Sector with $750m Intervention - THISDAYLIVEObinna Chima The World Bank has approved a $750 million International Development Association (IDA) credit for Nigeria to address the perennial epileptic power supply in the country. The intervention is part of the bank’s Power Sector Recovery Operation (PSRO). A statement from the Washington-based multilateral institution said the fund would help improve the reliability of …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

World Bank okays N291b to improve electricity in NigeriaThe World Bank Country Director for Nigeria, Shubham Chaudhuri, lamented that the lack of reliable power has stifled economic activities, investments and job creation. WorldBank Electricity Power Nigeria
Source: GuardianNigeria - 🏆 1. / 94 Read more »

DisCos seek synergy with TCN, GenCos on 7,000MW targetThe power Distribution Companies (DisCos) have supported calls for effective coordination and alignment of power generation, transmission and distribution expansion projects towards attaining the 7,000 megawatts (MW) power grid Read more:
Source: Daily Trust - 🏆 13. / 51 Read more »