Give DisCos Forex Priority – ANED

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Sunday Oduntan ANED

The Association of Nigerian Electricity Distributors (ANED) has called on the Federal Government to help make foreign exchange (forex) more available to the Distribution companies (DisCos) and save them from the hands of forex black marketers.

The Director of Research and Advocacy, Bar Sunday Oduntan was the one who made the called on Wednesday. He urged the government to intervene by giving a directive to the Central Bank of Nigeria (CBN) to give priority to the power sector operators in order to save them from having to purchase dollars from the black market.

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“We have been calling on the Federal Government to get the CBN to give us priority, so that we don’t have to go to the black market to buy dollar. So the one that is going on now, is beneficial to us. If dollar improves against the dollar it will benefit the DISCO’s”

“We have about 2.9m customers yet to be metered ,and if you look at the amount of money required to do that even at the minimum of N53,000 per meter”

According to him, the government needs to do more to fix the power sector as that is the only way to fix the economic situation of the country.

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About Busayo Oladejo 306 Articles
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