An analysis of cash-flow into Nigeria’s electricity supply industry paints a disturbing picture of a sector losing on average over N40 billion monthly due to poor collection and weak technical facilities, BusinessDay can report.
Power generation companies (GenCos) generate about 3,600 megawatts (MW) out of which 100MW is dispatched to Niger Republic, Togo and Ajaokuta Steel, leaving 3,500MW which, at the average monthly tariff of N32 per kWh, should yield N80.5 billion monthly.
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