Nigeria’s Electricity DisCos Lose Over N2.9 Billion To 14-Hour Strike Action

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Electricity Distribution Companies (DisCos) lost an estimated N2.94 billion in revenues on Wednesday, 17th August 2022 following the 14-hour long strike action embarked on by Labour Unions.

Electricity workers under the aegis of the National Union of Electricity Employees (NUEE) and the Senior Staff Association Electricity and Allied Companies (SSAEAC) grounded the operations of the Transmission Company of Nigeria on Wednesday, leading to a nationwide blackout.

Nigeria’s Electricity DisCos Lose Over N2.9 Billion To 14-Hour Strike Action

The strike action which lasted for 14 hours, means that discos had lost about N2.94 billion in revenue, with an average rate of N55/kWh, considering that the TCN produces an average of 3,818 megawatts of electricity, based on data tracked by Nairalytics in the past two weeks.