Power sector shortfall exceeds N1.4tr due to tariff
THE non-review of the Multi-Year Tariff Order since February 1, 2016, has put the shortfall of the Nigerian Electricity Supply Industry beyond the threshold N1.4 trillion.
He noted that the association would been bold to name non-performing DisCos if the companies had a cost reflective tariff. The executive eecretary, however, suggested that the “other option is to say the price is N100, we subsidize the poor who cannot pay N11, 000 for energy every month. You now subsidize it. If you introduce subsidy, the shortfall, the remaining figure has to be paid for.”
Odutan noted that the creation of the asset will cover the shortfall in the industry because the DisCos can use it to borrow money from banks. The ANED representative said that the TCN, on the other hand, has a total of N50 billion annual expenditure approved for it, stressing that it was unfair for the TCN to complain about DisCos’ low investment.He also disproved the acclaimed 7,000 Mega Watts energy generation capacity, stressing that that quantum of electricity does not enter customers’ homes in Nigeria.
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