Reps ask DisCos to raise investment to N500bn or exit
Isiaka lamented the activities of the DisCos in the country, saying that some of their recent actions were posing a threat to economic stability and welfare of Nigerians.
Isiaka lamented the activities of the DisCos in the country, saying that some of their recent actions were posing a threat to economic stability and welfare of Nigerians.
However, media reports on November 11, suggested that DisCos insisted on payment by customers for replacement of their functional meters.
The mandate we have was to procure and install a minimum of two million meters on a yearly basis over the next five years.
The government will be partnering with local manufacturers to making the equipment not own readily available, but to also ensure that the government’s target over the next four years is met.
Seplat Energy is also looking to invest in Compressed Natural gas, CNG, projects in support of the government’s CNG initiative.
Today, the country is grappling with an erratic power supply which has now crippled the economy.
The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector, on Wednesday, faulted the latest hike in the electricity tariff payable by customers in the Band A Category. Following the depreciation of the naira against the United States dollar, and inflation, among other factors, the Nigerian Electricity Regulatory Commission again raised the tariff payable…
the electricity market operator said the development was due to the appreciation of the naira in the official exchange window.
Since one came of age, the power sector bears the trade mark of inefficiency.
“While TCN sees this misinformation of IBEDC as a ploy to undermine and mislead the public against regular power supply, we remain focused on supporting the government’s move towards a more robust and efficient power supply.’