However, the power generation has remained low and insufficient to meet the nation’s energy demand. Nigeria
, from a monthly average of 3,531MW in the previous months, the latest data from the office of Vice President Yemi Osinbajo have shown.
The collapse of the national grid, last Friday, which was the ninth time between January and August 2019, was confirmed on Twitter by the distribution companies whose coverage areas were rocked by the blackout. According to the Manufacturers Association of Nigeria , the operating environment remains challenging and depresses productivity in the sector.
The inability of the Federal Government to block the leakages rampant in its revenue-generating agencies continued in 2018, leading to a financing gap of N3.644 trillion in its 2018 budget, the implementation of which ended sometime in June this year. But the 2018 consolidated Federal Government budget implementation report by the Budget Office of the Federation indicates that so much fiscal control is still required for the attainment of such a lofty target as the deficit for the year was 86 per cent, higher than the projection in the budget for the year under review, though it was found to have marginally moderated when compared with the level of the 2017 gap.
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