Keen observers and genuine opposition to privatisation of the power sector must be giggling with smiles at the recent turn of events. Core investors of Electricity Distribution Companies are beginning to throw in the towel after five years of privatisation characterised by ineptitude and abysmal performance.

This was coming on the heels of government’s determination to wield the big stick and correct the anomaly prevalent in the power sector for ages. Government’s position has already sent shivers down the spine of stakeholders especially DISCOs known to have persistently violated the rules of engagement. In its bid to blackmail the government to soft-pedal on certain decisions, the Distribution Companies registered the Association of Nigerian Electricity Distributors (ANED). This new association is a procured vehicle positioned to champion the interests of DISCOs and downplay their obvious incompetence.

Read more...http://energyworthonline.com/2018/08/13/tension-as-discos-throw-in-the-towel/

Discos, bloody armed robbers...smh