Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,154,739 members, 7,824,116 topics. Date: Friday, 10 May 2024 at 11:30 PM

Nullification Of Tariff May Force Discos To Shut Down —tolani Read More At: Htt - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nullification Of Tariff May Force Discos To Shut Down —tolani Read More At: Htt (331 Views)

FG To Sell Discos To New Investors - Zainab Mohammed / Court Order On Reversal Of Electricity Tariff May Lead To Loss Of 10,000 Jobs / FG Orders Discos To Meter High Consumers Before Nov 30 (2) (3) (4)

(1) (Reply) (Go Down)

Nullification Of Tariff May Force Discos To Shut Down —tolani Read More At: Htt by onoerime: 7:42am On Jul 26, 2016
THE nullification of the electricity tariff structure has raised concerns that some Distribution Companies, DISCOs, may be forced to close shops and abandon their projects. The concerns came on the heels of a Federal High Court ruling on July 13, 2016, in Lagos, which proscribed the tariff structure used by the eleven DISCOs to bill their consumers. The Chief Executive Officer, Charity Aid and Development Foundation for Africa, CADFA, Mr. Patrick Tolani, told Vanguard that if the impasse is not resolved very quickly and the tariff is not increased in the next one year, many Discos may be forced to close shops and abandon their projects. He also said that this development portend serious danger to the financial institutions that made funds available to them to buy the companies at the onset.“That is a serious risk to the national economy. It is difficult to predict what the Federal Government might want to do to prevent such a time-bomb from exploding,” he said. Tolani also noted that the immediate consequence to consumers is that electricity supply will become less efficient and hours of outage will increase.

Read more at: http://www.vanguardngr.com/2016/07/nullification-tariff-may-force-discos-shut-tolani/
Re: Nullification Of Tariff May Force Discos To Shut Down —tolani Read More At: Htt by onoerime: 7:48am On Jul 26, 2016
I still don't understand the meaning of this their privatization. If they can't cope they should quit. Why not fix the light in the right way and then introduce your billing plans. Nonsense
Re: Nullification Of Tariff May Force Discos To Shut Down —tolani Read More At: Htt by onoerime: 7:55am On Jul 26, 2016
Government should allow all states to generate their own light
Re: Nullification Of Tariff May Force Discos To Shut Down —tolani Read More At: Htt by Horlufemi(m): 8:21am On Jul 26, 2016
They should provide prepaid meters to everyone. Then increase your tariff, we would reduce our use of electricity.

(1) (Reply)

How To “pad” The Nigerian Budget And Be A Billionaire / Can You Answer These Questions? / Pls Has APC Passed The 8trillion Abi Zillion Budget?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.