{"id":71330,"date":"2020-01-16T17:14:37","date_gmt":"2020-01-16T16:14:37","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=71330"},"modified":"2020-01-16T17:14:37","modified_gmt":"2020-01-16T16:14:37","slug":"economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/","title":{"rendered":"Economist blames rising cost of electricity on low generation, energy loss\u00a0"},"content":{"rendered":"<div class=\"adn ads\" data-message-id=\"#msg-f:1655896486171466379\" data-legacy-message-id=\"16faed14b3115a8b\">\n<div class=\"gs\">\n<div class=\"\">\n<div id=\":p2\" class=\"ii gt\">\n<div id=\":p3\" class=\"a3s aXjCH \">\n<div dir=\"auto\">\n<div>A Development Economist, Prof Uche Nwogwugwu of the Nnamdi Azikiwe University, Awka has said the crisis in the\u00a0 Nigerian electricity sector lied largely on poor generation and energy loss in the course of transmission.<\/div>\n<div><\/div>\n<div>Nwogwugwu said this in Awka on Thursday in an interview with this reporter.<\/div>\n<div><\/div>\n<div>He said though energy no matter the source was not cheap, the high cost of electricity in Nigeria was mainly due to the inefficiency in the sector, noting that customers not be made to fund.<\/div>\n<div><\/div>\n<div>The Energy Expert who said about 40 per cent of energy generated was lost in transmission because of aging infrastructure pointed out that supply has not matched demand.<\/div>\n<div><\/div>\n<div>He said general expectation was that upon unbundling of the sector, Nigerians would enjoy better electricity services but expressed worry that rather poor supply and increased cost had characterised the sector.<\/div>\n<div><\/div>\n<div>\u00a0\u201cEnergy is not cheap no matter the source, where it is cheap, it may have either been paid for or subsidised just like any other commodity but it is important because it is a critical infrastructure for sustainable economic development.<\/div>\n<div><\/div>\n<div>\u201cThe history of electricity generation in Nigeria is public domain, from the era of Electricity Company of Nigeria to this stage where it has been unbundled and gave rise to Generation, Transmission and Distribution\u00a0 companies.<\/div>\n<div><\/div>\n<div>\u201cBut much as the GENCOs have not generated maximally, and TRANSCOs not been able to transmit\u00a0 \u00a0electricity without energy loss, there is bound to be crisis in Nigeria energy sector.<\/div>\n<div><\/div>\n<div>\u201cElectricity supply has not marched demand, a situation where we have\u00a0 about 40 per cent of\u00a0 total generation lost to transmission and energy theft is quite worrisome.<\/div>\n<div><\/div>\n<div>\u00a0\u201cBecause of these identified challenges, increasing the cost of electricity becomes the only likely way the industry players can remain in business, which in turn hurts the economy by depleting income and consumption,\u201d he said.<\/div>\n<div><\/div>\n<div>Nwogwugwu said what the sector needed now was additional investment by investors to improve efficiency rather than stifling the economy by making people to pay more.<\/div>\n<div><\/div>\n<div>He faulted blamed the players in the sector for having jot demonstrated that they had the manpower and financial capacity to drive and efficient and cost reflective electricity sector.<\/div>\n<div><\/div>\n<div>\u201cIt is a systemic problem, at the unbundling stage, the companies were even given loans as a way of making them start up\u00a0 smoothly, meaning that from\u00a0<a dir=\"ltr\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">inception<\/a>\u00a0they lacked the capacity to drive the sector.<\/div>\n<div><\/div>\n<div>\u201cThere is need to clean and upgrade the upgrade electricity infrastructure to reduce losses, these\u00a0 \u00a0companies were supposed to come with money and expertise.<\/div>\n<div><\/div>\n<div>\u201cAlready, our industries are starved of energy what it means is that producing optimally but the complaints now are coming from the household consumers.<\/div>\n<div><\/div>\n<div>\u201cThe impact of increasing electricity cost is that it will negatively affect consumption pattern and the dilemma is that electricity is completely inelastic.<\/div>\n<div><\/div>\n<div>\u201cCustomers will have no option than to pay because they need electricity but the question is, will the commodity be available, how will the increase affect supply,\u201d he said<\/div>\n<\/div>\n<\/div>\n<div class=\"yj6qo\"><\/div>\n<div class=\"yj6qo\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A Development Economist, Prof Uche Nwogwugwu of the Nnamdi Azikiwe University, Awka has said the crisis in the\u00a0 Nigerian electricity sector lied largely on poor generation and energy loss in&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":71332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-71330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economist blames rising cost of electricity on low generation, energy loss\u00a0 - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economist blames rising cost of electricity on low generation, energy loss\u00a0 - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"A Development Economist, Prof Uche Nwogwugwu of the Nnamdi Azikiwe University, Awka has said the crisis in the\u00a0 Nigerian electricity sector lied largely on poor generation and energy loss in&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-16T16:14:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Economist blames rising cost of electricity on low generation, energy loss\u00a0\",\"datePublished\":\"2020-01-16T16:14:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/\"},\"wordCount\":508,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/\",\"name\":\"Economist blames rising cost of electricity on low generation, energy loss\u00a0 - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg\",\"datePublished\":\"2020-01-16T16:14:37+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg\",\"width\":600,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economist blames rising cost of electricity on low generation, energy loss\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economist blames rising cost of electricity on low generation, energy loss\u00a0 - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/","og_locale":"en_US","og_type":"article","og_title":"Economist blames rising cost of electricity on low generation, energy loss\u00a0 - Pointblank News","og_description":"A Development Economist, Prof Uche Nwogwugwu of the Nnamdi Azikiwe University, Awka has said the crisis in the\u00a0 Nigerian electricity sector lied largely on poor generation and energy loss in&hellip;","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/","og_site_name":"Pointblank News","article_published_time":"2020-01-16T16:14:37+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Economist blames rising cost of electricity on low generation, energy loss\u00a0","datePublished":"2020-01-16T16:14:37+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/"},"wordCount":508,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/","name":"Economist blames rising cost of electricity on low generation, energy loss\u00a0 - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg","datePublished":"2020-01-16T16:14:37+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/01\/Nnamdi-Azikiwe-University-UNIZIK-1.jpg","width":600,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/economist-blames-rising-cost-of-electricity-on-low-generation-energy-loss\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Economist blames rising cost of electricity on low generation, energy loss\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/71330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=71330"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/71330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/71332"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=71330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=71330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=71330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}