REPORT: Nigeria lost N4billion to electricity workers strike

  • The fall-out from the strike action embarked upon by electricity employees is still a trending topic

  • Experts in the power sector say losses due to the industrial action could be over N4billion

  • At least N1.9billion is lost on a normal daily basis when power generation is at an average 3,850 megawatts (MW).

The industrial action undertaken by members of the National Union of Electricity Employees (NUEE) on Wednesday, December 11 cost Nigeria over N4 billion with nationwide outages, Daily Trust reports.

NUEE, however, called off the strike on Thursday, December 12 after meeting with representatives of the federal government. At least N1.9billion is lost on a normal daily basis when power generation is at an average 3,850 megawatts (MW), the record of daily Energy Report by the Advisory Power Team, Office of the Vice President for September 2019 indicates.

However, in the case of the recent strike, the national grid was said to have fallen lower than 1,000MW and at some point, to a complete shutdown as the union locked out electricity workers across major power generation stations, transmission stations and the distribution stations nationwide. Experts in the power sector said the losses were unquantifiable but could be over N4billion just for the electricity industry alone.

Source:Legit

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