The Ibadan Electricity Distribution Company (IBEDC) says it plans to invest N14 billion in technical infrastructure to reposition its business operations and provide electricity to underserviced communities
The Managing Director of IBEDC, Mr Kingsley Achife, said this in an interview with the News Agency of Nigeria on Friday in Ibadan.
“So come with about four themes; we’re looking at source and distribution, here we’re going to create commercial lines, we’re going to provide premium services, we’re going to look at our network, how we get energy and how we distribute it. The IBEDC MD said the company has been doing everything in its power to bring excellent service to its customers, so as to reduce the number of people that were underserved in the communities.“We are addressing it with franchising. We have been able to franchise about three of them now and more will follow.
“We’ve been able to meet to a large extent the bills we’re getting from the market, the achievement can speak for itself.” “And there’s also the aspect of interface between us and them which again requires a lot of investment. Achife noted the negative impact insecurity is having on access to electricity as it had increased the number of people migrating from the Northern part of the country to Southwest.The IBEDC MD said that though the government had been providing the shortfall in terms of loans, but a lasting solution would be a cost-reflective tariff for a sustainable economy.
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