Inside Nigeria’s electricity companies and their perpetual loss-making

He said interventions so far by the Central Bank of Nigeria, estimated at N1.3 trillion in seven years, is “like a drop in the Atlantic Ocean”.

The CEO of New Hampshire Capital Ltd, Odion Omonfoman, said huge funding challenge weighs down the power sector that threatens its viability. “There is also the issue of sub-optimal management arising from a lack of proper corporate governance structures in some DisCos,” he said.

How will they make profit? Run any business the way Discos run electricity and see how you collapse in few months.

Belgique Dernières Nouvelles, Belgique Actualités

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