This document summarizes a study on the economic effects of technical and non-technical losses in Nigeria's power transmission system. The study found that Nigeria's 330kV transmission network suffers from high voltage drops and power losses of around 454.73 GW annually, costing over 4.4 billion naira. These losses are caused by technical issues like low generation capacity and a long, fragile network as well as non-technical issues like electricity theft. Reducing these transmission and distribution losses, which at 17.72% of output are very high compared to more efficient countries, could boost Nigeria's economic growth.