Discos have become our challenge in power sector —Osinbajo

VICE President, Yemi Osinbajo, has declared that electricity distribution companies (DisCos) have become a problem for the nation in the power sector.

He however, gave the assurance that the present administration was addressing their menace using various initiatives including Independent Metering Directive, which would make it possible for consumers to be metered by private firms and the willing-seller-willing buyer policy or Eligible Customer directive.

Those metering firms will then be paid from the bills collected from such meters by the DisCos while the new Eligible Customer directive, would enable the Electricity Generation Companies (GenCos) to sell electricity directly to certain categories of consumers without passing through DisCos, thus eliminating the huddles into which Discos have constituted themselves.

Speaking at the commencement of 2017 Nigeria Economic Summit in Abuja, Osinbajo agonised that although Nigeria has the capacity for about 7,000 megawatts of electricity, the Discos have made it impossible to transmit that volume to starved consumers.

“There is a renewed confidence in the sector and we have already seen significant investment for a variety of reasons including shortage of gas, limitations in the retransmission capacity, financing constraints, power supply was in the region of 3,000 mw



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