When the federal government rolled out plans for the privatisation of the power sector to ensure improved electricity supply, it listed clearly, the conditions upon which the exercise will be implemented. Years after the exercise, the nation is yet to get stable power supply owing, largely, to lack of strict adherence to such conditionalities. In the face of an unending power supply conundrum, the federal government, through the National Economic Council (NEC), ordered a forensic audit of the electricity distribution companies (DisCos).
The country’s power sector is riddled with enormous challenges. Worst still, customers believe that the operators are shortchanging them, under-delivering, under performing and over charging the consumers. Indeed, there is also the concern that the DisCos are holding back remittances that should go up the value chain, on the back of sharp practices of estimated billing, resulting in the current market liquidity challenges. But NEC believes the…
Source: Leadership Newspaper
