Power & Energy

DisCos urges NASS to intervene in liquidity crisis in power sector

Ihesiulo Grace 23 October 2019 0

Abuja – The Electricity Distribution Companies (DisCos), have appealed to the National Assembly to intervene in the current liquidity crisis in the power sector. Mr Sunday Oduntan, the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED) made

Business

DisCos rake N116.9bn revenue in Q1-NERC

Ihesiulo Grace 13 September 2019 0

Motolani Oseni The 11 DisCos operating in the country realized a total sum of N116.9 billion from their customers in the first quarter of 2019, out of the total billing of N182.8 billion, Nigerian Electricity Regulatory Commission (NERC) First Quarter 2019 report revealed. The new report revealed that despite the increase in the amount of […]

Labour News

Labour rejects moves for electricity tariff hike

Ihesiulo Grace 27 August 2019 0

…says Nigerians can’t continue paying for darkness Ukpono Ukpong – Abuja Frowned by media reports of Federal government’s plans to divest 40% of its shares in DISCOs and GENCOs, the organized labour has warned against any move to increase the electricity tariff noting that Nigerians rarely gets power in their houses even as factories are […]

Business Power & Energy

Meter Distribution: DisCos blames low liquidity in sector for poor run

Ihesiulo Grace 28 June 2019 0

…as consumers call for a review on privatisation Micheal Ajayi Abuja Electricity Distribution Company (AEDC), General Manager, Corporate Communication, Mr Oyebode Fadipe has said the pace of metering of electricity consumers is slow because of low liquidity in the sector. Fadipe made this disclosure on Thursday in an audience participatory programme of Radio Nigeria in

Politics

Senator Adeola promises to push bill to prohibit estimated billing by DISCOs

Ihesiulo Grace 3 December 2018 0

The Senator representing Lagos West Senatorial District at the upper chamber of the National Assembly, Olamilekan Solomon Adeola has promised to see to the end of estimated billings, otherwise called “crazy” bills by electricity distribution companies DISCOs in the country by sponsoring a bill on the floor of the Senate against estimated bills and compel […]

News Nigeria

FG gives N37bn grant for meter supply to DisCos

Ihesiulo Grace 12 June 2018 0

The Federal Government said it has taken advantage of the new Meter Asset Provider (MAP) regulations to give a grant of N37 billion to a private sector operator to supply meters to interested Distribution Companies (DisCos). Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this at the 28th monthly meeting of power stakeholders […]

News Nigeria

Install pre-paid meters, South-East electricity consumers beg DISCOs

Ihesiulo Grace 20 April 2018 0

Electricity consumers in the South-East have urged electricity Distribution Companies (DISCOs) to strive to install pre-paid meters to all consumers to check over-billing and estimated billing that causes disagreements. The consumers made their feelings known Thursday in Enugu during a forum of the House of Representative Ad-Hoc Committee to Curb Excessive Electricity

News Nigeria

Arbitrary billing, disconnection of electricity constitutes gross abuse – CPC

Ihesiulo Grace 2 March 2018 0

The Consumer Protection Council (CPC) has appraised the interaction between the nation’s electricity Distribution Companies (DISCOs) and their consumers, declaring that arbitrary billing and group disconnection of electricity consumers without consideration for those paying their bills constitute a gross abuse of consumer rights. The Director General of the Council,

News Nigeria

Workers tackle DISCOs, GENCOs over inadequate work tools

Ihesiulo Grace 22 December 2017 0

Electricity Distribution Companies, DISCOs, Generation Companies, GENCOs, are currently receiving backlashes from their workers, under the platform of National Union of Electricity Employees, NUEE, for failing to provide working tools and other materials since the privatisation of the power sector four years ago. The union in a communiqué at the end of its National

Headlines News Power & Energy

FG To Sell Discos To New Investors – Zainab Mohammed

Ihesiulo Grace 13 October 2017 0

The federal government has commenced negotiations with operators of the Electricity Distribution Companies (DisCos) with a view to ceding some of their shares to accommodate new investors who would bring in more funds to increase their service delivery. The Minister of State for Budget and National Planning, Mrs. Zainab Mohammed, disclosed this at the end […]

Headlines News

DisCos may lose ownership as FG set to review power privatization

Ihesiulo Grace 13 October 2017 0

Mathew Dadiya, Abuja The Electricity Distribution Companies (DisCos) in Nigeria may lose its ownership as the Federal Government on Thursday, disclosed that it will restructure the power sector to optimize the operations of DisCos in the country. President Muhammadu Buhari, represented by Zainab Ahmed, minister of state for Budget and National Planning, said this at […]

Opinion Power & Energy

DISCOs are the most corrupt and arrogant entities in Nigeria

Ihesiulo Grace 7 September 2017 0

Nigerians are being exploited, cheated and robbed by the electricity distribution companies, and what should be rightly seen as the most irresponsible and annoying style of stealing from law abiding citizens is being ignored by many when the likes of the Nigeria Police and the EFCC who should be working day and night trying to […]

Business

FG saves N41bn from DisCos’ debt claims

Ihesiulo Grace 25 August 2017 0

The verification of the N67billion Ministries, Departments and Agencies (MDAs) debt claims, which the 11 electricity distribution companies (DisCos) submitted to the Advisory Power Team (APT) of the Office of the Vice President, has saved the federal government a whopping N41,415,488,965. In its report dated June, 2017, the team recommended that N25,994,511,035bn be paid

Analysis Headlines News

States free to generate their own power, what could it mean?

Ihesiulo Grace 16 August 2017 0

State governments are free to generate and distribute their own power, subject rules by the Nigerian Electricity Regulatory Commission. Heavy consumers of power also have the liberty to purchase energy from sources other than Distribution Companies (DISCOs) but will have to pay a rate between N30-N80 per kilowatt. This was stated in a communique issued […]