Data from the Office of Vice President, Prof. Yemi Osinabajo, indicated that between January 1 and November 30, 2018, Nigeria’s privatised power sector lost a total of N487.504 billion revenues due to constraints which included the shortage of gas; grid unreliability and distribution limitations.
The data obtained 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 3780 MW per day, while an average of 3041MW was constrained from getting to consumers by these limitations.
Coming at a time NERC has approved 115 private firms to participate in procuring and installing meters to electricity consumers in Nigeria under its new scheme, the Meter Assets Provider (MAP), the industry data equally explained that the total volume of gas supplied by the NNPC to gas power generation plants in the country for the 11-month period was 227,706 million standard cubic feet (mmscf).
According to the data, Nigeria’s power sector attained a peak generation of about 5,222MW on December 18, 2017 – the first ever, but has not produced power up to that level since then.
It noted: “Estimated amount lost to an insufficient gas supply, distribution, transmission and water reserves to date in 2018 – N488,881,000,000.”