Dr Umeh who was speaking as a guest in a television programme monitored in Lagos, said government’s interest in the entire power sector is best served as an enabler of a conducive investment climate and an industry regulator protecting the interest of all stakeholders. He said government has achieved this scenario in the telecommunication sector and wondered why the same approach was not being applied to the power sector. According to him, some DisCos have resorted to rejecting power for distribution because of current inadequacies caused by a broken-down value chain which cannot let them calculate their revenue as theft and inadequate metering persists. It would be recalled that the Nigerian Senate had last year, advised the Federal Government to sanction the sale of its 40% stake in Electricity Distribution Companies (DisCos) to foreign investors. According to the Senate President, Ahmed Lawan, as stipulated in the Power Sector Privatisation Act 2005, the private investors should be allowed to invest and take ownership of the sector to put an end to the challenges being faced.

Source: The Guardian October 28, 2020 03:22 UTC