FG Sets Off Debt With DisCos
At the Federal Executive Council held on Wednesday, the Federal Government approved the payment of N25.994bn debts owed by Ministries, Departments, and Agencies to electricity distribution companies.
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, told State House correspondents that since the inception of the incumbent administration, claims of debts owed by the government to DISCOS have been a matter of concern, especially in the light of liquidity issues.
Out of the N67.41bn claims laid by the DisCos, N25.994bn would be paid to leave a difference of about N41bn. According to the minister, the differential arises first because some of the claims do not belong to the Federal Government. Some are owned by states and local governments. Also, some belong to public international organizations and were classified as government debts.
This amount would be quantified to set off against the amount owed by the DISCOS to Nigerian Bulk Electricity Trader, a 100% Federal Government-owned subsidiary company. The DisCos owe the Government about N500bn.
Jos DisCos To Meter One Million Customers
The Jos Electricity Distribution (JED) Plc has revealed that it will soon relaunch vigorous metering programme in Plateau, Bauchi, Benue, and Gombe states, warning that it will not entertain any deliberate attempt to interrupt the programme.
It also said that it is targeting about one million customer database in the states by the end of 2018 from the current 472,000.
Managing Director of JED, Alhaji Mohammed Gidado, disclosed this at Customers’ Consultative Forum in Jos, on Wednesday, noting that the company has received a go-ahead from the regulator to immediately disconnect any customer that refuses to be metered. Gidado, who was represented by the Director, Marketing, and Investment, Mr. Boniface Verr Jibbo further warned that “any customer found stealing electricity by bypassing the meters installed by our staff will be prosecuted in accordance with the Law. Electricity theft is a criminal offense which will no longer be tolerated by JED Plc.”
Ikeja DisCos Sanctioned by House of Reps
The House of Representatives on Thursday expressed displeasure over the failure of Ikeja Electricity Distribution Company (IKDC) to provide transformers and prepaid meters to electricity consumers within its catchment areas.
The resolution was passed sequel to the adoption of a motion sponsored by Shadimu Alao (APC-Lagos) who called for the intervention of the Lower Chamber in alleviating the sufferings of Nigerians and businesses within the areas.
The House urged the Ministry of power and NERC to direct the Ikeja Electricity Distribution Company to procure, distribute and install transformers and prepaid meters for consumers and discontinue forthwith issuance of estimated bills to electricity consumers. They also called on the Ikeja Electricity Distribution Company to also stop disconnection of consumers’ light until prepaid meters are installed.
To this end, the House mandated the joint Committees on Privatization and Commercialization and Power to investigate the non-compliance of Ikeja Electricity Distribution Company with the post-acquisition agreement with the Bureau of Public Enterprises (BPE) and report back within four weeks for further legislative action.