Electricity Crisis Deepens as Nigerian DisCos Record N2.4 Trillion Losses Amid Billing Inefficiency and Power Supply Decline

Nigeria’s electricity supply challenges continue to worsen as Electricity Distribution Companies (DisCos) posted a combined financial loss of N2.349 trillion within two years, largely caused by billing leakages and weak revenue collection systems. The development has further aggravated the liquidity crisis affecting the Nigerian Electricity Supply Industry (NESI), leading to declining power generation and prolonged […]