'The time for the review of contracts of Nigerian DisCos and GenCos is due.'
EXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisBlood on UniformsEXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalHow to stay constantly motivated , By Sunday AdelajaFrom the unending spell of electricity outages in certain parts of the country to complete blackouts in other parts since late last year, the crisis bedeviling the Nigerian power sector...
No country goes through spells of power outages as often as is the case in Nigeria and expects to be an economic success. The DisCos’ ill-disposition to the metering project explains why out of 12.8 million registered electricity customers in the country, only 5.7 million of them had been metered as of February 2024, leaving a gap of 7.1 million in over a decade. This is unacceptable.
However, the current abysmal power supply is not new. It has been a routine malady since 2013. Three administrations have experienced the rot, namely: Goodluck Jonathan’s regime, which sabotaged national interest in the privatisation; the Muhammadu Buhari administration; and now that of Bola Tinubu. Globally, privatisation is utilised in stimulating economies and attracting foreign direct investments.
Arising from all this, the vacuity of the minister’s threat to withdraw the licenses of errant DisCos is evident. One of his predecessors, Professor Chinedu Nebo had similarly heckled them on their non-performance on 24 November, 2014 with this note of finality: any culprit would be sanctioned “or its license withdrawn.” Nothing happened! With the big masquerades involved, a minister or NERC has no power to beat them into line, where the political will is hollow as it has been since 2013.
The DisCos and GenCos are not the only ones challenged in service delivery. The TCN as a public concern still lacks the capacity to transmit power. Tested operators outside this jurisdiction should come in through a more credible round of privatisation.
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