At a workshop organised for Energy correspondents in Abuja, it was revealed that DISCOS have installed 612,552 meters in different parts of the nation targeted at enhancing power distribution over the past four years. This disclosure was made by the Executive Director, Research and Advocacy of the Association of Nigerian Electricity Distributors, ANED, Mr Sunday Oduntan.
Mr Sunday complained that the DISCOS have been mispresented before the public on the issue of tariff, metering and load rejection.
Oduntan pointed out that for the power sector to be effective, there should be transparency on business dealings of the DISCOs, Nigerian Bulk Electricity Trading, NBET, Transmission Company of Nigeria, TCN and Generation Companies, GENCOs. He called for their books to be opened to the public so that people could know where the problem in the sector was coming from.
Oduntan, who made a presentation of what he called “Case study on journalistic misinformation, stated that there was so much misinformation in the Power sector, viz-a-viz against the Distribution Companies. According to him, the Distribution Companies have been misrepresented to the public on the issue of tariff, metering and load rejection. According to him, a meter, which cost is put at N70, 000 installed for a residential customer with a monthly vending bill of N2, 000 would take DISCOs 19 years to recoup its investment. He said that the business environment in the country is so difficult to the extent that only two out of the 11 distribution companies can conveniently pay their workers’ salaries as when due.
This workshop that was themed ‘Challenges of the Nigerian Power Sector’ and was sponsored by the ANED and MacAthur Foundation with the aim of exposing the challenges as well as the rot in the sector.