Nigeria’s power sector loses N24bn monthly to diesel generators – Fashola

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The federal government has disclosed that Nigeria’s electricity sector is losing N24 billion monthly to the diesel generator market, which consumers especially heavy electricity users like industries, embrace as alternatives to power their homes and operations, THISDAY reports.

Speaking on Monday, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, who was represented at the February 2018 edition of the monthly power sector operators meeting in Katampe Abuja by the Minister of State for Power, Works and Housing, Mr. Suleiman Hassan, explained that on the average, 300 million litres of diesel were consumed monthly to power these generating sets.

The minister noted that the expenditure made on diesel consumption in Nigeria, acquisition and maintenance of the generators were huge losses to her grid power market. He explained that the government was making efforts to ensure that up to 2,000 megawatts (MW) of stranded power in the system were transmitted and distributed to target consumers who need them the most but do not have that much of power yet.