Nigeria In One Minute

Gas supply, others deny Nigeria’s power sector N40.55bn revenue in one month

DESPITE over 192 trillion standard cubic feet of gas reserves yet to be tapped, power plants in the country still lack adequate gas to run turbines, giving rise to N40.548 billion revenue losses by the sector in one month.

This loss was due to insufficient gas supply, distribution infrastructure, transmission infrastructure and water reserves

Investigation showed that ‘’in January 2018, the highest electricity revenue loss was N1.695 billion occurring on the 1st day of January while the least revenue loss was N906 million on the 11th day of January. On average, N1.308 billion in electricity revenue was lost on a daily basis.”

Vanguard, February 13, 2018

 

 

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