The Association of Nigerian Electricity Distributors, says that Nigeria may not have stable power supply in the next five years except the challenges confronting the sector are addressed.

Mr Sunday Oduntan, the Executive Director, Research and Advocacy of ANED disclosed this at a news conference in Lagos on Tuesday.

According to Oduntan, there are challenges inhibiting power sector efficiency and they include liquidity gap of N1.3 trillion, lack of improved generation due to mismatched electricity pricing.




“Lack of much needed investment in transmission and distribution network and rising energy theft among others.

“Except these challenges are addressed, we may not have stable power supply in the next five years,’’ he said.

Oduntan said that the illiquidity in the sector must be prioritised because the sector could not afford to collapse.

“If the power sector collapses, many banks will collapse because in 2013 during privatisation, only one Distribution Company obtained foreign loan, others took loans from local banks in dollars.

“Privatisation was based on 30 per cent equity and 70 percent loan.

“The model was borrowed from New Delhi, India and it is working as we speak. If it is successful in India, why is it not working in Nigeria,’’ he added.

Oduntan decried the prevalent non-reflective tariff and called on the government to prevail on the military, Ministries, Department and Agencies (MDAs) to pay for energy consumed.



According to him, MDAs owe about N72 billion and the military has refused to pay since August 2017, when the Minister of Power, Works and Housing, Babatunde Fashola say the Federal Government will settle all legacy debts by MDAs.

“Afterwards, nothing has been paid by the military.

“It is important to also state that the mismatch in electricity pricing has resulted into inability of the Discos to settle their obligations to the Nigerian Bulk Electricity Traders (NBET).

“What we get from NBET is usually higher than what the Discos charge to consumers because we don’t have control over tariff.

“Government determines what we charge power consumers.

“Until we have a review of electricity tariff which ought to have been taken place every six months, there can’t be cost-reflective tariff and without cost reflective tariff, Discos can’t settle their debts to NBET.’’

On the controversies surrounding eligible customers’ policy, Oduntan argued that tariffs for industrial consumers were structured to be subsidised.

“The eligible customer policy will take the industrial customers off the Discos’ network and this will affect the revenue of the Discos.

“If the policy will take away the industrial customers from the Discos’ network, then, there must be a review of the tariff to guarantee liquidity in the sector,’’ he said.


http://punchng.com/nigeria-may-not-have-stable-power-supply-in-five-years-says-electricity-distributors/

And that idiot said Nigerians have too much electricity they can not use it all up.

What is really wrong with our country? Nothing is working in this country except corruption......Like we have been using the light before .

5 years too small, them say them go fix am in 1983 or so... E don pass 30 years we still dey wait

Misleading topic..... As if we had stable power supply before now.
No government can tackle power and succeed

Nigeria must be a cursed country, because I don't think the cabals importing generator sets will ever make us have stable uninterrupted power.




Buhari why?

[img]https://i./9ofz.gif[/img]

...and Straight into the dust bin ~ @FirstBank

Fashola has failed

I'm still wondering what is so hard in the power sector that they can't seem to get right...

LoL, e don set

Transmission transmission the song just dey ring for my head

Have we been having stable power supply? Iranu

The best country ever .... ironically

This is the 18th year into 21st century, while other developed countries are worried about how to improve on robotics technology, improved health care system etc my dear Nigeria is still battling with power supply.


I weep for this country

Abeg change that 'may not' to "will not" and the "5 years" to 'Forever'.

Putting it together "Nigeria will not have stable electricity forever".

No be curse oooo, na obvious fact. Before democracy we thought military rule was bad, and that they embezzled our money, but democracy is even worse off. Senators embezzle openly, I read recently that we are planning to spend 245billion to conduct elections (that will not be free and fair) just to elect another batch of corrupt fools. God help us

on behalf of Nigerians, I am saying NO PROBLEM...

Is Fashola aware of this? Minister of everything. He said he will fix power in 2 years and 4 years wan waka, we still dey find light......

Na new thing



See my signature

iranu. we Nigerians wont complain...

Chai! This is serious. What have they been addressing with those huge bills they gave to consumers?

www.nairaland.com/4629803/clean-samsung-s7-edge-sale#69567532

Five years is even short cos I know we not gonna have stable electricity in this shithole country until I see a fowl with pampers

I'm done with this country... Can anything ever work in this country?

Truth...
PDP and APC have failed Nigerians...

feldido:
I'm done with this country

welcome

Have we ever enjoyed stability of power before in this country? Let these distributors go to hell, what exactly are they distributing?

The best solution is to adopt similar arrangements ti Uk by allowing independent distributor network operators.

A country ruled by Mediocre......

"Will not" for sure not "May not"



Meanwhile

Like say we dey have am before