Yola Disco loses N9bn annually on Jimeta network — Chairman
Punch Nigeria · Emmanuel Ande ·
The Yola Electricity Distribution Company says it loses about ₦9bn annually in energy and revenue losses on its Jimeta network, with the losses affecting its ability to procure equipment, rehabilitate infrastructure and pay staff salaries.
The Yola Electricity Distribution Company says it loses about ₦9bn annually in energy and revenue losses on its Jimeta network, with the losses affecting its ability to procure equipment, rehabilitate infrastructure and pay staff salaries.
The Chairman of YEDC’s Board of Directors, Omatseyin Ayida, disclosed this on Friday during the inauguration of the Rhossili International pole plant factory along the Yola-Numan Road.
“The Jimeta network alone takes nine megawatts from our total allocation, yet we lose 62 per cent of energy and revenue on this feeder. That is ₦740m monthly, about ₦9bn annually lost in the sector, funds that are meant for equipment procurement, rehabilitation and staff salary payments,” he said.
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