Between November 2013, when the power generation and distribution firms were privatised and June 2014, the companies have had a shortfall of N69bn from the proposed N144bn revenue they were expected to generate.
It was gathered that as a result of the myriad of problems confronting the power sector, the firms have only been able to realise N75bn as revenue during the period.
Our correspondent gathered on Monday that the revenue shortfall was one of the critical issues discussed at the Nigerian Electricity Regulatory Commission’s monthly meeting with stakeholders in the industry, which was held in Abuja on Thursday.
There are, however, insinuations that some electricity distribution companies, which directly interface with the consumers, are not meeting their obligations to the generation companies, gas suppliers and other creditors from the money they make from customers.
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