FG orders investigation as Ikorodu–Sagamu power losses hit N120 billion

The Federal Government has ordered an investigation into significant power losses along the Ikorodu–Sagamu industrial corridor, which have resulted in an estimated N120 billion in lost revenue annually. Minister of Power, Joseph Tegbe, expressed concern over the discrepancies during a stakeholder meeting, directing a transparent investigation into the gap between electricity transmitted and the volume billed by distribution companies.

The Nigerian Independent System Operator (NISO) has deployed technological monitoring tools that have revealed unusual loading patterns and significant discrepancies in energy flows across the network. The government aims to establish whether the losses are due to meter tampering, deliberate manipulation of consumption data, illegal connections, infrastructure interference, or other forms of electricity theft.

Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.