As of May this year, electricity distribution companies in the country realised N189bn as revenue despite poor supply to consumers. This was against the N151bn collected as total revenue by the companies in 2011.
This was contained in a document obtained by our correspondent from the Federal Ministry of Power on the achievements of the government in the sector. Speaking on the development at the Ministerial Platform in Abuja on Tuesday, the Minister of Power, Prof. Chinedu Nebo, described the revenue rise as a key achievement of his ministry.
The rise in revenue may not be unconnected with the increase in electricity tariff being collected by the distribution companies, as only last week, the Nigerian Electricity Regulatory Commission insisted that the fixed electricity charges must increase despite erratic power supply.
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