FG loses N65.4b in revenue as average energy hits 3,464MW in October
Besides, constrained revenue rose to N65.41 billion, as against N59.71 billion recorded in September.
The Transmission Company of Nigeria recently received $1.66 billion from multi-lateral donors to boost power supply in the country.
Despite this, however, Nigerians have continued to depend on alternative sources of energy to power their households despite government reforms, thus, limiting consumers’ disposable income that should have been used for other purposes and well as increased environmental pollution.
According to the Manufacturers Association of Nigeria (MAN), the operating environment remains challenging and depresses productivity in the manufacturing sector.
Specifically, the operators cited poor electricity and gas supplies/non-reliability of gas supply/scarcity of diesel/high cost of LPG as the highest impediment to production in the country.
Data from the Office of Vice President, Prof. Yemi Osinbajo, indicated that within the month of October, Nigeria’s privatised power sector lost about N65.4 billion revenue due to constraints which included a shortage of gas; grid unreliability and distribution limitations.
The data obtained by The Guardian from the Advisory Power Team in Osinbajo’s office showed that for this period, the average volume of electricity generated and distributed daily to Nigerian homes and offices was constrained by an average of 4,396MW due to the limitations.
According to the data, Nigeria’s power sector attained a peak generation of about 4,894MW during the period.
The Vice President, Prof. Yemi Osinbajo, had earlier in the year, expressed dissatisfaction over the performance of electricity distribution companies in the country, saying there was the need for a substantial change of strategy in order to meet the electricity needs of homes and businesses.
He lamented the inability of the Discos to distribute available grid power to consumers.
“The distribution capacity in the 11 Discos is significantly low, hovering at around 4,000 megawatts on average with a peak at about 5,400MW. So, despite all the availability of about 8,000MW of generation and 7,000MW of transmission capacity, the lack of Disco infrastructure to absorb and deliver grid power to end-users has the largely restricted generation to an average of about 4,000MW, and sometimes even falling below 4,000MW,” the Vice-President said.
During the period under review, average energy generated by Shiroro Power Station was 402.44MW as against its installed capacity of 600MW; Jebba generated 402.3MW during the period as against its installed capacity of 540MW; Kainji, 389.59MW, while ASCO and AES did not generate anything during the period.
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