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POWER SUPPLY AND BUSINESS ENVIRONMENT

POWER SUPPLY AND BUSINESS ENVIRONMENT
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Seven plants produce Nigeria s 59% electricity, says World Bank

Punch Newspapers Sections Published 25 May 2021 Power supply in Nigeria comes majorly from seven power generation plants that produce 59 per cent of the total electricity supplied across the country, the World Bank has said. According to the bank, Nigeria’s power sector had been operationally inefficient and this was further exacerbated by high losses and lack of payment discipline. It disclosed this in additional details contained in the bank’s report on Nigeria’s Power Sector Recovery Programme, obtained by our correspondent in Abuja on Monday. “The power sector is operationally inefficient with unreliable supply exacerbated by high losses and lack of payment discipline,” the bank stated.

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