Power sector loses N468.4bn as hitches stall 33,122MW - News Summed Up

Power sector loses N468.4bn as hitches stall 33,122MW


Okechukwu Nnodim, AbujaGas, transmission, distribution and other constraints made Nigeria’s power sector to lose about N468.4bn between January and August 21 this year, latest documents on the industry’s performance have shown. Also, the constraints in the sector stalled the production of a total of 33,122 megawatts of power during the about eight-month period. Mbah explained that the gradual but steady improvement in electricity delivery in the nation’s power sector was attributable to the keen interest of government. She said this was as a result of the government’s ability to pilot the programmes and projects geared towards growing the power sector as well as the collective effort of all power sector players in the value chain. Also, the Minister of Power, Sale Mamman, tweeted recently that the deal between the Federal Government with the German Government and Siemens AG would boost the country’s power sector performance.


Source: Punch August 24, 2020 02:26 UTC



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