Power sector shortfall exceeds N1.4tr due to tariff
The Executive Director, Association of Nigeria Electricity Distributors , Barrister Sunday Oduntan, broke the news to reporters in Abuja.
Odutan however pointed out that if you cannot collect 30% no Jupiter should expect you to remit 100%.” According to him, Kenya; Tunisia; Uganda; South Africa; Ethiopia; Morocco; Egypt; Algieria and Bukinafaso are examples of countries that subsidize electricity for their poor consumers. In every tariff computation, he said, there is an allowance for Capital Expenditure which the operators expenditures must not exceed.
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