Electricity: How 11 DisCos Lost N258bn In 11 Months

The 11 electricity distribution companies (DisCos) in Nigeria are said to have lost N258.3billion in revenue for what they reportedly supplied from November 2020 to September 2021, data from the Nigerian Electricity Regulatory Commission (NERC) revealed.

But some consumers expressed doubts over the claim, saying the figures being bandied are not a true reflection of the reality.

They said millions of Nigerians had not been metered and the amounts they were asking customers to pay monthly were exaggerated.

Some of them said they got light for a few hours, had no appliances that consume power but received bills asking them to pay thousands of naira every month.

However, experts said the way out of the lingering problems in the electricity sector is for all stakeholders to deliver their mandates and the government to sanction violators.

Read More: https://dailytrust.com/electricity-how-11-discos-lost-n258bn-in-11-months