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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia’s Lukoil Plans Fresh Investment In NigeriaNigeria and Russia have struck an oil deal as Russia’s leading oil company Lukoil’s subsidiary , Lukoil Company Nigeria Limited, and operator of the OML
Source: LeadershipNGA - 🏆 4. / 77 Read more »