Despite the appreciable performance displayed by the Transmission Company of Nigeria(TCN)last month as well as rich gas reserves of 203 trillion cubic feet (tcf), restrictions such as controlled gas supply,dilapidated infrastructure and recent problems with the national grid system have subjected the country to major darkness.
In the last 21 days, some distribution companies made declaration that they would be shedding loads from the electric power generating collaborators.
The average energy restrictions for the 1st quarter was registered as 1,897MW compared to the average current capacity of between 3,500MW to 5,000MW.
The power distribution companies allegely refused to accept a total of 5,452.96 megawatts of electricity in 7 days leading to blackout in many places nationwide.
It is the current load shedding that has led to a large number of electricity consumers to be witnessing a sharp fall in the already poor electricity services.
The supply of electric power to many homes,particularly those under the Eko Distribution Company (EKEDC) and Ikeja Electric (IE) dropped to as low as few hours on daily basis.
Meanwhile,the current electrical power records from the Advisory Power Team (APT) in the office of the Vice President, Professor Yemi Osinbajo, indicated that gas restrictions cost the country N85.6 billion in revenue losses in the 1st quarter.
Despite the fact that Nigeria has about 203 trillion cubic feet of gas with nearly 80% of power generating plants making use of gas, epiletic electricity supply is still being experienced nationwide.
Moreover,the current load shedding is also caused by financial liquidity which negatively impacts on the capacity of power generation companies to finance government-regulated gas pricing regime.
Newsmen were made to understand that monetary payments to the generation companies still remained under 30% despite levy increments, as more than 6,000 megawatts of electricity is presently interrupted as a result of gas constraints.
Do you have any contribution to make as to solving the current dearth of regular supply of electricity in Nigeria? Feel free to express your mind.
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