By Adaobi Rhema Oguejiofor
The Federal Government has announced that the liquidity in Nigeria’s power sector increased from N282 billion in 2015 to N900 billion in 2023.
This was disclosed through the Nigerian Electricity Regulatory Commission (NERC) at the Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation Policy.
In a presentation at the event, the Chairman of NERC, Sanusi Garba, said that the power sector has created a mechanism for enforcing payment discipline in the industry, which has seen Disco revenue improve greatly.
Garba added that the financial burden in the industry has also been reduced by about N373 billion from N528bn to N155bn in 2022.
The Minister of Power, Adebayo Adelabu, while speaking on the sidelines of the closing ceremony of the summit, appealed to operators and agencies in the sector to work with the government, stressing that those who fail to deliver would be shown the way out.