A report from the office of the Vice President Yemi Osibanjo has said that Nigeria has lost 300bn due to insufficient gas supply, distribution and transmission infrastructure in the first seven months of this year. The report stated that an “estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2018 is N300bn.”
Till date, the peak average power stands at 4,557 megawatts hour per day (MWH/H), which was achieved on the second of February 2016, while the peak generation to date is 5,222mw, as obtained 18 December, 2017. The power sector is yet to achieve giant stride in terms of power generation and transmission for the year 2018, thus the reason for the loss accrued to the sector.
LIQUIDITY CRISIS, POWER SECTOR’S CHALLENGE-ANED
The Director, Research and Advocacy, ANED, Sunday Odutan, said the country cannot have a stable power supply as the “sector is bleeding”. While speaking in Lagos recently, he said a re-flow crisis is a major issue in the sector, and there’s need to tackle the subject collectively devoid of political sentiments.
The Association of Nigerian Electricity Distributors (ANED), has said that until the liquidity crisis is sorted, Nigerians cannot enjoy uninterrupted power supply in the next five years. According to the association, the power sector has a shortfall of about N1.3 trillion due to the liquidity crisis. The director of ANED Mr Sunday has called for the collaboration of stakeholders’ in the power sector to tackle the recurrent issue of power insufficiency or the common good of Nigeria.