FG Directs Discos To Stop Cash Payment From Consumers By March 31 - Politics

FG Directs Discos To Stop Cash Payment From Consumers By March 31 - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › FG Directs Discos To Stop Cash Payment From Consumers By March 31 (43537 Views)

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FG Directs Discos To Stop Cash Payment From Consumers By March 31 by BrandSpurNG(op): 4:10pm On Jan 02, 2020

The federal government had regulated electricity distribution companies (DisCos) to utilise electronic platforms for the payment of energy bills across the country.

The Nigerian Electricity Regulatory Commission (NERC) declared the motility is to lessen the aggregate technical, commercial and collection losses the DisCos are battling with.

The commission asked the DisCos to leverage available banking channels approved by the Central Bank of Nigeria (CBN) to ensure prudence in the utilization of market funds.

While the power firms have until January 31 to migrate industrial and commercial customers to their cashless electronic platforms, they have till March 31 to move residential customers to pay their bills only on the platforms.
“The Federal Government issued a policy directive that requires the mandatory transition of certain classes of end-use customers of DisCos from direct cash settlement of bills to cashless settlement platforms in order to reduce collection leakages/losses and improve overall revenue assurance in NESI,” NERC said.

“The Commission notes that this policy directive complies with EPSRA and the laws of the Federal Republic of Nigeria as furthers the objective of improving transparency in NESI by introducing greater clarity on collections from end-use customers and prudence in the utilization of market funds.

“Without prejudice to the provisions of section 10 of the Cash Collection Regulation”; all DisCos shall transit to cashless settlement platforms for the billing/collection of R3 class of residential customers by 31 March 2020.

“Provide customers with appropriate bank account details and other approved channels for receiving/processing payments such as mobile money, electronic wallets, etc.

“All DisCos shall ensure full accountability of energy flow with the installation of appropriate metering infrastructure that is integrated with the CMS of all industrial, commercial and R3 class of residential customers by 31 December 2020.”

The commission also asked the DisCos to publish details of customer service/contact centers to promptly address electronic payment inquiries along with stipulated timelines for addressing customer complaints.

https://brandspurng.com/2020/01/02/fg-directs-discos-to-stop-cash-payment-from-consumers-by-march-31/

9 Likes 2 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by smithes: 4:13pm On Jan 02, 2020

Good development. It'll minimize fraudulent activities

59 Likes 6 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by seunmohmoh(f): 4:13pm On Jan 02, 2020

Make we dey look na.

2 Likes

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by victorazyvictor(m): 4:13pm On Jan 02, 2020

E don happen

2 Likes

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Nobody: 4:13pm On Jan 02, 2020

God bless His Excellence President Mohammadu Buhari (GCFR)

60 Likes 8 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by superlanny(m): 4:14pm On Jan 02, 2020

I am certain that if not for the selfishness and wickedness of our leaders present and past, we should have light 24/7 in Nigeria.
A country without stable electricity is an archaic country, am sure Afghanistan that they are fighting war has light more than Nigeria.
Please when you see me laying curses on politicians just free me, I have my reasons...What a country!!!

117 Likes 7 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Niyeal(m): 4:14pm On Jan 02, 2020

Good, that will reduce fraud

2 Likes 2 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by ForeThinker: 4:14pm On Jan 02, 2020*

Inside Life

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Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Yankee101: 4:14pm On Jan 02, 2020

Thief thief everywhere

2 Likes

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by chiefolododo(m): 4:14pm On Jan 02, 2020

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Hedonisco: 4:14pm On Jan 02, 2020

The Buhari junta clearly majors in minors. Impracticable and useless policies from A to Z.

9 Likes 2 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by MorataFC: 4:15pm On Jan 02, 2020

OK good

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by mbahdi(m): 4:15pm On Jan 02, 2020

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Oxtertee(m): 4:15pm On Jan 02, 2020

Let's see how it goes

1 Like

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by kudos4god(m): 4:16pm On Jan 02, 2020

Here to read comment

2 Likes

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by IMASTEX: 4:16pm On Jan 02, 2020

Okay

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Lisaint(m): 4:16pm On Jan 02, 2020

They keep on giving orders

Which one of the discos obey them when they ask them to share meter

13 Likes 1 Share

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by davidtemi(m): 4:16pm On Jan 02, 2020

Doesn't stop anything

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Nobody: 4:16pm On Jan 02, 2020

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by bukkysam(f): 4:16pm On Jan 02, 2020

Nice one

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by sammyj: 4:16pm On Jan 02, 2020

This joke of this decades. I thought this discos are now independent of the government which was the reason why they were privatised in the first place. Imaging giving order without first making provisions for every home to be metered. Lets wait and see our it goes!! grin

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Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by sylve11: 4:16pm On Jan 02, 2020

Una go still pay manually. Faulty machines will lead to manual payment. Inside this country? grin

7 Likes 2 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by ExAngel007(f): 4:16pm On Jan 02, 2020

alot of activities this year

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by TheGiftedOne(m): 4:17pm On Jan 02, 2020*

If they can set up recharge points more like ATM machine centres, that will be great. Think I spotted one near Mr Biggs in Jabi, Abuja.

1 Like 1 Share

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Eze2000(m): 4:17pm On Jan 02, 2020*

OgunLaakaye:

God bless His Excellence President Mohammadu Buhari (GCFR)

For What?

I know being an APC agent pays but surely you are not on duty today.

13 Likes 2 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Coldie: 4:17pm On Jan 02, 2020

The wonderful man called Buhari

4 Likes 1 Share

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by RomeoEmpire(m): 4:17pm On Jan 02, 2020

Till then.

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Odunolumide(m): 4:18pm On Jan 02, 2020

OK. Let's see if the DISCO's will comply.

1 Like

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by ikorodureporta: 4:19pm On Jan 02, 2020

We don't pay directly to nepa officials. we pay thru agents. The right means shl be by paying into a Standard Account..

So, how we go dey pay...

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by UnclePANSI(m): 4:19pm On Jan 02, 2020

A good one but it shouldn't end there.

Prepaid meters should also be made available and accessible.

This would force concerned stakeholders to upgrade their game in power supply.

4 Likes 2 Shares

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by Sannisege: 4:19pm On Jan 02, 2020

Hope the policy achieves it’s purpose. God bless Nigeria

Re: FG Directs Discos To Stop Cash Payment From Consumers By March 31 by fineboynl(m): 4:22pm On Jan 02, 2020

Another bank charges loading

8 Likes 2 Shares

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