As Nigerians continue to expect steady supply of power, the financial implications of subsidising the industry is projected to hit N2.4 trillion by end 2024, with the Minister of Power, Adebayo Adelabu, ruing the challenge of ageing infrastructure. Adelabu also revealed that recent increase in vandalisation is costing Transmission Company of Nigeria (TCN), around N10 billion, just as Nigerian Bulk Electricity Trading disbursed N8 trillion in nine years.
The figures were part of the key highlights that came out at the PWC’s annual power and utilities roundtable themed – ‘Reigniting Hope in Nigeria’s Electric Power Sector.’......READ MORE