News

FG threatens to Revoke License of DisCos over Poor Power supply

The federal government has threatened to revoke the licenses of power distribution companies (DisCos) over the incessant power shortage nationwide.

The Minister of Power, Adebayo Adelabu, said this in a statement on Wednesday in Abuja.

According to Adelabu, the ministry is deeply concerned about the ongoing inadequate electricity distribution by the Discos, despite the generation companies increasing power output to 4000MW.

The minister further noted that he has summoned chief executives of Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company (IEDC), alongside the Managing Director of the Transmission Company of Nigeria (TCN) to explain the ongoing challenges in power distribution across the country.

See also  Primary Elections: Ojo Makanjuola ‘SMATO’ Emerges PDP Candidate for Ogooluwa/Surulere Federal Constituency

He said,

“The Ministry has been exerting pressure on the Generating Companies (GENCOs) to enhance their performance, resulting in a recent increase in generation to over 4000MW.

“Despite this progress, certain distribution companies are failing to adequately distribute the power supplied by TCN, while vandalism of power infrastructure exacerbates the problem in regions such as Abuja, Benin, Port Harcourt, and Ibadan.

See also  Omituntun 9th Ramadan Lecture Set to Hold Tomorrow

“Moving forward, I am committed to holding all distribution companies accountable for their performance.

“Willful non-performance will not be tolerated, and severe consequences, including license revocation, may be imposed.

“Additionally, I have instructed TCN to prioritize repair works on damaged transmission towers and power lines to improve supply in affected regions.”
Speaking further, Adelabu revealed that steps are being taken to cleat the debts owed to companies involved in power generation and gas supply, a move that will reduce financial burdens and enhance power generation across the country.

See also  100,000 businesses get N50,000 presidential grant – FG

“Plans are underway to settle outstanding debts owed to power generation and gas supply companies, which will alleviate the financial strain and contribute to improved generation levels nationwide.

“I urge electricity consumers to remain patient as we work tirelessly to address these issues and provide better service”,.

IFRAME SYNC

About the author

OyoAffairs

Oyo Affairs is an independent news media with the main focus on Oyo state news, politics, current events, trending happenings within and around Oyo state, Nigeria

Add Comment

Click here to post a comment