Power sector revenue loss may hit N809b’

3rd November 2016

Should the lull in power supply persist, the sector’s revenue loss will be about N809.8 billion by next January, the Executive Secretary, Association of Nigerian Electricity Distributors (ANED),  Sunday Oduntan, has said.

Besides, payment for electricity bills has fallen substantially as only 35 per cent of consumers pay   yearly.

The loss in revenue was caused by problems, such as non-payment of bills by consumers and failure of the power distribution companies (DisCos) to pay the power generation companies (GenCos) in time,  among others. Read