Abuja - Vice President Yemi Osinbajo has revealed that 99.6 per cent of the total electricity generation was lost in one day.
Osinbajo said this in Abuja at the 9th conference of the Nigerian Association for Energy Economics/International Association for Energy Economics.
He said loss was against a total energy of 3 144MW that was generated on Friday, according to data obtained from the Federal Ministry of Power, Works and Housing.
Also read: Electricity generation sinks to 1 580 MW
Osinbajo, however, stated that it was an irony that Nigeria did not have sufficient gas to fire its power plants to produce up to 7 000MW of electricity, but that in the energy industry, the country was being described more as a gas territory than an oil territory.
This, according to him, is because the country has huge natural gas reserves of over 185 trillion cubic feet, which is one of the largest in the world.
- News 24