Utility firm mulls N91 billion investments for network expansion, metering in the next five years Biggest power utility firm in Nigeria, Ibadan Electricity Distribution Company (IBEDC), has recorded a revenue deficit of N24 billion and 15,032 cases of vandalism on its assets between January and July 2021. Platforms Africa reports that the Chief Operating Officer, Engineer John Ayodeji, who declared this at the IBEDC 2021 half year press conference in Ibadan, Southwest Nigeria, stated that the company was running at a loss and experiencing a deficit of N4 billion monthly.…
Read MoreIBEDC Records N24bn Deficit, 15,032 Vandalism Cases in Six Months
