From darkness to darkness: how Nigerians are paying the price for corruption in the electricity sector

Total loss to Nigeria from corruption in the electricity sector in 16 years of democratic experience has been put at over N11 trillion. This was contained in a research report titled: "From Darkness to Darkness: How Nigerians are Paying the Price for Corruption in the Electricity Sector" published by an NGO known as "Socio-Economic Right and Accountability Project (SERAP). The total estimated financial loss to Nigeria from corruption in the electricity sector starting from the return to democracy in 1999 to date is over N11 trillion. This represents public funds, private equity and social investment (or divestments) in the power sector, the report reveals. It also projected that the loss is likely to surpass N20 trillion in the next decade given the rate of government investment and funding in the sector amidst dwindling fortunes and recurrent revenue shortfalls.

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