Mr. Olabode Sowunmi, CEO of Cabtree Limited and Chairman of the Hydrogen and New Energy Committee of the Nigerian Gas Association, has announced the need for Nigerians to set aside political considerations and confront the reality that Nigerian power sector is operating at a significant loss.
In the more recent months, Nigerians have witnessed significant power supply fluctuations and blackouts, dipping as low as 2, 805 MW last month.
African Development Bank (AfDB) has disclosed its plans to invest $200 million to boost power supply in Nigeria.
President Muhammadu Buhari created a Power group to coordinate the ad-hoc committee reviewing the ownership of the electricity distribution companies (DisCos) in November among others roles.
Due to insufficient gas supply, distribution and transmission infrastructure, the Nigerian power sector lost about N19.15 billion in just 10 days.
The Nigerian power sector as at Friday, October 5, 2019, recorded an estimated N2.2 billion loss, as disclosed in a daily energy report
