• Payment for transformers, wires, poles persist as supply averages 4,000MW
• Fashola, Mamman, El-Rufai, NASS, others’ attempts fail to spark optimism in sector
• Grid collapse averages 130 times in eight years
• EKEDC blames vandalisation of installations for prolonged blackout
In what most industry players and consumer right groups, yesterday, described as payment for darkness, Nigerians, in the past eight years, have spent about N5.7 trillion on the supply of electricity as supply averages 4,000 megawatts, about the same level it was eight years ago.
Statistics from Nigerian Bulk Electricity Trading (NBET) Plc had shown that an average of N720 billion worth of electricity bill is processed yearly in the country, bringing the cost to about N5.7 trillion in the last eight years. These bills are settled by electricity users in Nigeria with measurable subsidy from the Federal Government.
While the practice of load shedding and electricity rationing is currently…
Source: Guardian Newspaper