Business

Electricity theft: Nigerian Govt probes N120bn annual revenue loss

Daily Post Nigeria 29 Aug

Nigeria

Electricity theft: Nigerian Govt probes N120bn annual revenue loss — Sources: Daily Post Nigeria

The Federal Government said it has launched a crackdown on massive energy theft along the 132-kilovolt Ikorodu–Sagamu industrial corridor, where unaccounted power losses have climbed to 100 megawatts, inflicting an estimated annual revenue loss of N120 billion on the electricity market. The Minister of Power, Joseph Tegbe, announced the intervention on Friday during a high-level stakehol

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