The scheming of the DisCos and Nigeria Electricity Regulatory Commission has kept the customers that provide their transformers, replace their cables and sustain their unending payment of estimated bills for an unyielding darkness guessing., however, reports that the stakeholders are counting down to April 1 with uncontrollable angst.
The minister insisted that the DiScos should determine their readiness to continue the operation of the firms optimally. He said “if they are ready to continue, fine, but if they are not ready to continue maybe they should give way for whoever is ready to come and invest. We are asking government to review and see if they are capable but if they are not, they should give way.”
It is uncertain what the outcome of the Presidential Initiative on the review of the DisCos would be. The hope that the BPE captured for a workable distribution network is the solution that the initiative would proffer. Analysts in the power sector who would have cheered the minister up for mulling a review of the privatisation of the DisCos were disappointed after all. They said the solution which Mamman seemed to have suggested was the handing over of the companies to a German firm-Siemens, which he had denied.
According to him, the most potent measure for checkmating the DisCos would be to compel them to quote their stakes in the Nigerian Stock Exchange. With this, the shareholders would help to make the firms live up to expectation. He observed that the NERC “needs to show more commitment in its approach. They are not assertive. NERC has institutionalised inefficiency by asking the DisCos to remit whatever they can.
The commission is engaging in consultations after stating that although the new tariff takes effect from January 1, the customers will start bearing the new costs by April 1. The Federal Government, according to the NERC, is to pay for the shortfall between the two dates. Owing to the inaccuracies, the firm insisted that “together, these issues mean that tariffs have not been, and still are not, cost-reflective for YEDC. This has prevented the operational expenditure and investment that was planned in the original Business Plan being realised.”
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