Nigerian govt institutions owe bulk of N70bn customer debts - Ikeja Electric

Nigerian govt institutions owe bulk of N70bn customer debts – Ikeja Electric

7/30/2021 3:02:00 AM

Nigerian govt institutions owe bulk of N70bn customer debts – Ikeja Electric

The company also said it had installed prepaid meters for about 400,000 customers out of 1.1 million since 2013.

He said the DisCo had been making investments to upgrade its network in order to guarantee reliable and stable power supply to its customers.Mr Obi-Chukwu said the company in the past few years came up with innovative ideas that would ensure customer satisfaction for its commercial and residential customers.

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He said the development led to the bi-lateral power optimisation being utilised by some areas in Lagos State such as Magado, Ogudu Government Reservation Area ( G.R. A), Ikeja G.R.A, Gbagada Phase Two, among others.He said the Service-Based Tariff used by the company in these locations was adopted by the Nigerian Electricity Regulatory Commission (NERC) in the new national tariff model.

Earlier in her address of welcome, Folake Soetan, chief executive officer, Ikeja Electric, thanked the lawmakers for the visit to the company.Mrs Soetan attributed the company’s achievements to collaboration with NERC, the Bureau of Public Enterprises and other stakeholders.

She said the company would continue to invest in modern technology and equipment to ensure quality power supply to its customers.In his remarks, Mr Orji said the visit of the committee was in line with its statutory responsibility to oversight privatised entities for better performances.

Mr Orji noted that the debt owed the DisCo was huge and an impediment to its vision of providing quality supply of electricity to its customers.ADVERTISEMENTHe assured the management of the company that the legislative arm of government would look into the issue since majority of the debt was owed by MDAs.

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