Power Crisis Deepen Nationwide
Electricity distribution companies in Nigeria have recorded losses of about ₦2.4 trillion over the past two years, worsening challenges in the power sector as supply to homes and businesses continues to decline.
The losses are linked to poor billing systems and weak revenue collection, which have strained the finances of the companies.
This has further deepened the liquidity crisis within the Nigerian Electricity Supply Industry.
Industry players say the situation is affecting operations across the value chain, making it harder to maintain infrastructure and improve electricity supply.
Many consumers continue to face irregular power despite rising costs.
The growing financial strain has raised concerns about the stability of the sector, with calls for urgent reforms to address inefficiencies and restore reliable electricity across the country.
