Consumers decry poor electricity 8 years after privatization | Dailytrust

Consumers decry poor electricity 8 years after privatization

Electricity consumers have lamented the poor situation of power supply services across the 11 Distribution Companies (DisCos), eight years after the assets were privatized.

The consumers who spoke under the aegis of the Nigeria Consumer Protection Network (NCPN), called for an urgent intervention of the federal government, especially to review the terms and conditions of the privatization formalized on November 1, 2013.

In a statement by the President of NCPN, Kunle Kola Olubiyo, the group said taking a holistic look at the general performances of the power sector had become imperative.

However, Olubiyo said that is still a mirage even as he admitted that some form of progress was made but overshadowed by the huge failure.

“As we speak today, Nigeria does not have accurate customer data for the electricity demand and supply industry which is conservatively at eight million and 12m end users.”

He said data is crucial to metering of registered properties which could have improved the liquidity in the sector for improved services, and also allowing customers to invest with payment refunds.

To tackle the power sector crisis, NCPN said: “The Federal Government of Nigeria (FGN) should put in place the necessary machinery to commence the immediate review of the privatization exercise of the Nigerian power sector haphazardly packaged and wrongly delivered on the 1st day of November, the year 2013.”

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