|Photo Credit: tribuneonline Management of BEDC, Senate Committee on Privatisation and a team from BPE
The Management of Benin Electricity Distribution Plc. (BEDC) has been commended for being innovative and well-run in spite of industry challenges.
Chairman, Senate Committee on Privatisation, Senator Ben Murray Bruce, gave the commendation when he led members of the committee and a team from the Bureau of Public Enterprises (BPE) on a fact-finding visit to the company.
Bruce acknowledged the myriad of challenges facing the power sector, observed that BEDC under the leadership of Mrs Funke Osibodu, had done well since it came on board especially in the areas of community relations, payment platforms and customer services.
In his words: “We have seen the excitement of staff at the training programmes of BEDC, an enabling environment which we have not seen in other places, which goes to show that the company is well-run, and we had expected no less a good environment given the pedigree and antecedents of your CEO.”
He added, “During our visits so far we have seen privatised companies that are well-run, some average, while some are badly run, but with what we’ve seen so far about BEDC, I congratulate your management for being one of the well-run companies.”
Bruce said he was familiar with some of the problems of the industry but pointed out that he was surprised about how the industry was being owed about N900billion even when power generation was very low, saying that he was also in the know that federal government was yet to fully honour its obligations to Discos and that they could not collect tariff at prevailing market rate due to high foreign exchange rate and the recession, but was more interested in what could be done to solve the problems.
“We are not in favour of cancelling the process. If a bad deal was done in some areas let us fix it and move on. The committee’s intention is to look at how to fix problems of privatisation. In other words, what can be done to solve the problems,” he asserted.
According to him, the Committee would soon organise a public hearing at the National Assembly featuring Discos, their regulators, customers, and other arms of the value chain to review the privatisation process of the power sector with a view to fixing emerging problems and make the exercise work better in the interest of all Nigerians.
The Managing Director/Chief Executive of BEDC, Mrs Funke Osibodu earlier emphasised the need for the Senate to ensure criminalization of energy theft and fast tracking of the prosecution of offenders.
She said, “more importantly outstanding Ministries, Departments and Agencies (MDAs) debts should be paid with legislative and government full backing authorising disconnection of non-paying MDAs without fear of repercussion of arrest or victimisation.”