Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and businesses in the country continued to suffer blacko...
Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and businesses in the country continued to suffer blackout, ’FEMI ASU reports
The national grid has continued to suffer system collapse over the years amid lack of spinning reserve that is meant to forestall such occurrences. Between November 1, 2013 and May 2020, the number of total grid collapse recorded was 83 while the grid partially collapsed 25 times. Communaute Electrique du Benin, a power firm owned by Togo and Benin, received a total invoice of N9.74bn for the power supplied to it in Q1; N7.16bn in Q2; and N2.27bn in Q3 but none in Q4.According to NERC’s quarterly reports, the international customers did not make any payments in each of the four quarters of 2019.
Nine of the 27 power plants did not generate any megawatts of electricity as of 6am on Saturday, with 2021.7MW generation capacity left unused. It said, “Electricity is reported to be a major constraint by businesses. Around 27 per cent of enterprises identify electricity as the main obstacle to doing business, which is more than twice the sub-Saharan Africa average.
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