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Decry estimated billing Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges limiting the capacity of distribution companies (DisCos) is necessary to improve electricity supply. The experts also insisted that funding by the Centre Bank of Nigeria (CBN) hovering around N120 billion could drastically reduce the lingering challenges of arbitrary billing of end-users and ensure evacuation of stranded generation capacity. With an estimated metering gap of five million, electricity customers had repeatedly raised concerns over arbitrary billing. The Federal Government through the CBN last year, launched a mass metering programme to improve revenue collection and ensure a lasting solution to estimated billing.
NigeriaNigerianAmos-koborAhmad-zakariHabeeb-jaiyeolaCentral-bankNigerian-electricity-regulatory-commissionCentre-bankFederal-governmentKey-performance-indicatorSpecial-adviserAssociate-directorBy Emmanuel Addeh
The World Bank has said that Nigeriansâ faith in the power sector can only be boosted when they see visible results from ongoing reforms in the country.
The Bankâs Practice Manager, West and Central Africa Energy, Ashish Khanna, who stated this during an interactive session with journalists in Abuja, however stated that the challenge of credibility in the sector was not only a Nigerian problem.
âPeople are really struggling on what to believe in the power sector reforms, although Nigeria is not alone.
âWhat we are seeing internationally is that the trust and credibility often come when there’s a carefully drafted integrated vision for the sector and there are actual delivery of results that people really want to see,â he stated.
NigeriaAbujaAbuja-federal-capital-territoryNigerianNigeriansShubham-chaudhuriAshish-khannaEmmanuel-addehAhmad-zakariBank-practiceWorld-bankNigerian-electricity-regulatory-commission