Blackout: Electricity National Grid Restored with 18 Power Stations Online, Generating 3,662 MWs
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Nigeria’s electricity sector, struggling to perform, has gulped over N1.5 trillion in interventions and loans from the Central Bank of Nigeria (CBN).
If the projection of the World Bank is anything to take seriously, Nigerian businesses may have lost nothing less than $232 billion (N96.4 trillion) in the last eight years that the Federal Government and operators in the sector dilly-dally on making it perform.
Transmission Company of Nigeria (TCN), yesterday, admitted that the country’s power supply has nosedived with challenges at over 14 generation plants keeping output at record low.
The Transmission Company of Nigeria (TCN) says the current load shedding and outage being experienced nationwide is as a result of low power generation by