Power generation by the nation’s electricity companies hit an average of 3,862MW between January and August, from a monthly average of 3,531MW in the previous months, the latest data from the office of Vice President Yemi Osinbajo have shown.
However, the power generation has remained low and insufficient to meet the nation’s energy demand. Besides, the constrained revenue between January and August rose to N395.43 billion, as the national electricity transmission system, also known as the power grid, suffered a major collapse last Friday, plunging the country into a blackout.
Specifically, the data revealed that the nation in January lost N41.37billion; February, N44.38billion; March, N49.35billion; April, N49.14billion; May, N45.25billion; June, N50.30billion; July, N57.62billion; and in August, N58.01billion. Read more