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Electricity: Uncertainty, As Discos Bid To Pull Out - Politics - Nairaland

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Discos, FG Agree On 2 Months Free Electricity For Nigerians / Electricity Consumers To Pay More As Discos Hike Tariffs / The New Electricity Tariff Across The Country Approved By Discos (2) (3) (4)

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Electricity: Uncertainty, As Discos Bid To Pull Out by ijustdey: 3:18pm On Sep 07
Electricity Distribution Companies, DISCOs, have petitioned the Bureau of Public Enterprises, BPE, seeking to return the privatized power assets to government over what they considered as undue interference in their operations.

Investigations by Vanguard, yesterday, indicated that their action was propelled by recent developments, especially the planned forensic audit of the operations of DISCOs and the directive of the Central Bank of Nigeria, CBN, that banks should commence collection of tariff, targeted at enabling them recover huge loans granted them to buy the assets.

The Director, Research and Advocacy, ANED, Mr. Sunday Oduntan, could not be reached, yesterday, for comments.

But the managing director of one of theDISCOs, who pleaded anonymity, said: “I am aware that the DISCOs have reported the situation to BPE. Many people and institutions have not been fair to the DISCOs.

“The privatization of the assets was based on an agreement to be kept by the DISCOs and the government, which still has 40 per cent interest in the companies.

“In looking into our operations, the first thing should be to find out the content or details of that agreement. The next thing should to look at the steps taken by all parties to comply.

“As far as we are concerned, the DISCOs have done a lot to comply with the terms of the agreement because without such compliance, the privatization would not work.

“It is not fair for some authorities to start talking about forensic audit and using alternative options to collect the tariff, which is the major obligation of the DISCOs.

“We have reviewed these and other issues severally among ourselves. We have also made our position known to relevant government agencies, including BPE and the Nigerian Electricity Regulatory Commission, NERC.”

No word from DISCOs on pull-out, says BPE boss

In his reaction, the Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, said that his organisation has not received any communication from the DISCOs to the effect that they want to relinquish the distribution companies.

His words: “We are not in receipt of any such communication from any DISCO.

“There have been efforts towards transparency in the collection of revenue in the sector which was why the CBN gave the directive to banks on the collection of electricity revenue.

“There are discussions between the DISCOs and relevant stakeholders and these discussions have been constructive.”

However, briefing reporters after the weekly Federal Executive Council (FEC) meeting in the State House recently, the Minister of Power, Mr. Saleh Mamman, had said whereas Nigeria currently generates 13,000 megawatts of electricity, it transmits 7,000 to DISCOs, while the distribution companies could only distribute 3,000 megawatts to end-users.

According to him, DISCOs have continued to demonstrate a show of incapacity, inefficiency and dishonesty in the distribution of power to consumers, despite the huge investments made into the sector by the federal government since the privatisation of the power sector in 2013.

DISCOS have failed, says NECAN

In a telephone interview with Vanguard yesterday, Secretary-General, Network for Electricity Consumers Advocacy of Nigeria, NECAN, Mr. Uket Ogbonga, said: “We have been reliably informed that the DISCOs have declared their readiness to hand over power assets back to government, alleging that government has failed to keep its own part of the agreement.

“As far as we are concerned, this may compel the government to back-pedal on recent actions, especially the forensic audit, which was recommended by Governor Nasir El- Rufai-led Committee and the CBN directive, urging banks to take over tariff collection in order to recover loans extended to the DISCOs.

“The government, which holds 40 per cent in the privatised companies, should not withdraw for some reasons. Nigerians need to know the true state of affairs in the DISCOs. We need to know the number of consumers each DISCO controls. We need to know the amount they generate as tariff monthly. We need to know how these monies are deployed.”

The secretary, who noted that the DISCOs had earlier threatened to go to court before taking the BPE option, said: “The DISCOs have failed to live up to the expectation of the public since privatisation. The banks should go ahead to collect the tariff. It is in the best interest of the nation.”

Power outage

Investigation by Vanguard weekend showed that some parts of Lagos, especially the suburbs, did not have supply throughout the weekend.

The management of Ikeja DISCO could not react officially yesterday, but an informed source in the company, said: “Under the current arrangement, all customers would not have access to the same hours of power. We extend more hours of service to customers who have the capacity to pay more than others.”

CSO cautions FG on policies that can hurt economy

Reacting to the alleged decision of DISCO to pull out from the power sector following government’s policies, the Convener, Concerned Nigerians Group, CN, Deji Adeyanju, Sunday, cautioned the Federal Government on policies that might hit the economy badly.

Adeyanju said: “The approach of the government is not well thought out. If you look at it people have invested billions in these DISCOs, and government should not do anything that would make people pull out from the country because our economy is so badly hit. Whatever policies government policies show to these investors it will determine how market forces will react.”

https://www.vanguardngr.com/2020/09/electricity-uncertainty-as-discos-bid-to-pull-out/

2 Likes 3 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by GamalNasser: 3:21pm On Sep 07
Thieving DISCOS sabotaging Nigeria electricity since forever ...They don't want to be audited because their lies of running at a loss will be exposed ..

132 Likes 12 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by vanida6(f): 3:24pm On Sep 07
sad
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Iamgrey5(m): 3:25pm On Sep 07
Discos Fuji or Hip-pop or whatever they call themselves are criminals.

They are the thieves making a fortune at the end of the production chain and sabotaging the efforts of others in the electricity production chain.

48 Likes 3 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by limanorth12: 3:25pm On Sep 07
Nigeria will survive

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6 Likes 1 Share

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by relicng(m): 3:27pm On Sep 07
It's well
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by BrighterMe(f): 3:33pm On Sep 07
Which way?
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by NwaNimo1(m): 3:36pm On Sep 07
Its better....make everyone go buy solar!

9 Likes 1 Share

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by fjjc(m): 3:42pm On Sep 07
What about IBDC and others like them that are making things difficult for Nigerians. Let government take control of this power supply nonsense. The agreement was done to enrich some people such as former head of state during the former president regime so as to satisfy them in order to retain power at all cost. Not only disco should be audited but the marketers of IBDC that are cashing out from citizens in this country. Supply prepaid meters for citizens so that people will be charged for what they are using. But IBDC marketers enjoying stealing from the system via estimated billing.

36 Likes 2 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Sunmolar(m): 3:47pm On Sep 07
Anything worth pulling out should be pulled out to make a nation great.

2 Likes 1 Share

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Goddys(m): 3:49pm On Sep 07
How are the poor living in face me I face you apartment that cohabit with the middle class going to afford this recent tariff?

They are simply encouraging illegal connection of electricity in the country.


Bad timing

7 Likes

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by OlujobaSamuel: 3:57pm On Sep 07
Awọn gbewiri.
Criminals dem

13 Likes 1 Share

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Guyman02: 6:05pm On Sep 07
The scammers don't want to repay loans collected from banks. Now that CBN has ordered for a single treasury account traceable by their debtors they want to abandon ship by asking Govt to come and buy back the privatised assets.

23 Likes 3 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by jethro2013(m): 6:06pm On Sep 07
...the only disco I know was that light during Xmas festival..

15 Likes

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by oz4real83(m): 6:06pm On Sep 07
All these na drama. Nobody that doesn't like a business where you have zero expenses but make a profit of over 100% every month. These power companies don t spend anything on improving power. In my area, we own our transformer, we bought our poles and wires, we paid the officials that connected us, we were responsible for all the expenses. The bedc only bring bills at the end of the month, that is the part they have always played, they don't even provide meters embarassed Who won't like such a business? It is an empty threat.

75 Likes 12 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Prodigee: 6:06pm On Sep 07
This government sef! undecided

1 Like 1 Share

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by softeeg: 6:06pm On Sep 07
confuse
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by YoungLionken(m): 6:07pm On Sep 07
Are they tired?

If yes,this is not the right time...
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by SimplyFacts: 6:07pm On Sep 07
Drama continues
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by nairavsdollars(f): 6:07pm On Sep 07
You increased tariff by 150 percent yet the light went from bad to worse

15 Likes 2 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Wiseandtrue(f): 6:07pm On Sep 07
Investigations by Vanguard, yesterday, indicated that their action was propelled by recent developments, especially the planned forensic audit of the operations of DISCOs and the directive of the Central Bank of Nigeria, CBN, that banks should commence collection of tariff, targeted at enabling them recover huge loans granted them to buy the assets.

Wait ooooo

So DISCO do not wish to pay back the loans

1 Like

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by ETT93(m): 6:08pm On Sep 07
[quote author=relicng post=93674030]It's well[/quote
Amen....
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by TRUSTEDGUY: 6:08pm On Sep 07
Electrical tariff increase
Petrol increase
Kerosine increase
Nigeria a home for modern day slavery.

6 Likes 2 Shares

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Uyi168(m): 6:08pm On Sep 07
The situation of light in my area nor be here o.. embarassed
One day on..
Two days off.. cry

5 Likes

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by daddytime(m): 6:08pm On Sep 07
All these ones go carry wetin big pass dem with the hopes say dem go dey cash out in the usual Naija way without delivering value.

Na this one dem dey call "put finger for tortoise nyansh".

2 Likes 1 Share

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by TheABOMINATION: 6:09pm On Sep 07
Good riddance.

2 Likes

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by KingGBsky(m): 6:09pm On Sep 07
Please I kneel down to beg you people return Power back to the government. The Discos are the worst people to handle Nigeria power. They are demons angry

17 Likes

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Perhaps2020: 6:09pm On Sep 07
jethro2013:
...the only disco I know was that light during Xmas festival..

That one is bisco grin

9 Likes

Re: Electricity: Uncertainty, As Discos Bid To Pull Out by davibid: 6:10pm On Sep 07
APC government, things are getting worse by the day.

May God save us!
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Openbusiness: 6:10pm On Sep 07
Ok

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