Nigerian Electricity Companies Face Worsening Financial Losses

Nigerian electricity distribution companies (DisCos) have recorded N2.4 trillion in financial losses, exacerbating power supply issues and leading to consumer complaints about non-transparency and calls for mass metering.

23 Mar, 04:36 — 23 Mar, 04:36

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vanguard-ngMixed3d ago

Electricity woes worsen as DisCos record N2.4trn in financial losses

•Rising debt restricts power generation •Consumers slam DisCos for non-transparency, demand mass metering •Operators knock Presidency over exit from national grid By Obas Esiedesa At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to billing and collection […] The post Electricity woes worsen as DisCos record N2.4trn in financial losses appeared first on Vangua...

By Urowayino Jeremiah

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Nigerian Electricity Companies Face Worsening Financial Losses

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Electricity woes worsen as DisCos record N2.4trn in financial losses

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