Electricity Generation Companies in the country (GenCos) have said Nigeria can generate 30,000 megawatts of electricity, meeting an earlier target set by the Federal Government.
The projection could however remain elusive without pragmatic framework, which must be implemented commercially and politically. Seven years after the electricity sector was privatized average generation has been dismal, hovering around 3,500WM although available capacity stands at about 8,000WM as at 2020.
The Executive Secretary of the Association of Power Generation Companies (APGC), Joy Ogaji, said progress would be made if policymakers, regulators and relevant stakeholders join hands in recognising and paying for available capacity, going by extant pacts between GenCos investors and the Federal Government.
The Port Harcourt Electricity Distribution Company said five power towers were damaged by suspected vandals at the Elelenwo transmission substation in Obio/Apkor Local Government Area, plunging several communities in Rivers State into darkness.
A month after taking delivery of one million meters under the National Mass Metering Programme (NMMP), the electricity Distribution Companies (DisCos) have warehoused 983,693 in their offices.
The 11 distribution companies were only able to distribute 16,308 prepaid meters as of November 2020, while electricity consumers were yearning for units amidst estimated billings.
This was contained in the latest figures from the Nigerian Electricity Regulatory Commission (NERC) tagged: “Analysis of meter deployment across electricity distribution companies report for the month of November 2020.” x
The report also said Enugu, Benin, Ibadan and Yola Discos with 372,624 meters had yet to begin deployment as of the time the data was released.
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’Femi Asu
Electricity consumers paid N362bn out of the N520bn billed them by the distribution companies in the country from January to September last year, a new report by the Discos has shown.
The Association of Nigerian Electricity Distributors, the umbrella body for the 10 private Discos in the country, said the power firms lost N158bn, representing 30.38 per cent of the energy billed in the nine-month period.
The Discos’ revenue collection rose to N130bn in the third quarter of 2020 from N105bn in Q2 and N125bn in Q1, according to their latest quarterly performance report.
How Buhari s Policy Flip-flops Demean Democracy
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Nigeria is generally seen as a Country whereby the democratic institutions that ought to be made enduring, resilient and vibrant are deliberately undermined, sabotaged and weakened operationally due largely to the desire of the politicians to line their pockets with filthy lucre by circumventing conventions, laws, ethics and global best practices.
However, this unfortunate scenario pales into insignificance and assumes a much more troubling status, when the Country is burdened by the presence of political office holders whose stock in trade is basically the institutionalization of flip-flops in policy articulation and implementation.