The Federal Government, on Thursday, announced that the liquidity in Nigeria’s power increased from N282bn in 2015 to N900bn currently, adding that its financial burden in the industry had been reduced by about N373bn.
It disclosed this through the Nigerian Electricity Regulatory Commission at the Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation Policy.
Liquidity refers to the efficiency or ease with which an asset or security can be converted into ready cash without affecting its market price. The most liquid asset of all is cash itself.
In a presentation at the event, the Chairman, NERC, Sanusi Garba, said, “Liquidity in the market has moved from N282bn in 2015 to N900bn now. We have also created a mechanism for enforcing payment discipline in the industry. This has seen Disco revenue improve greatly.
Speaking on the sidelines of the closing ceremony of the summit, the Minister of Power, Adebayo Adelabu, appealed to operators and agencies in the sector to work with the government, stressing that those who fail to deliver would be shown the way out.
