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Nigerians pay billions of naira to DisCos despite frequent outages

While the customer base has improved to over 10 million, according to enumeration records submitted to the Nigerian Electricity Regulatory Commission (NERC), power outages, rationing and low voltage are still prevalent among consumers. Analysis of revenue collection by the DisCos in 2019 shows that they improved the Nigerian Electricity Supply Industry (NESI) yearly collection by N39 billion, reaching a total of N485 billion, with a collection efficiency of 69 per cent. According to revenue records released by the Association of Nigerian Electricity Distributors (ANED), by the first quarter of 2020, DisCos had realised N127bn, which was over 10 per cent improvement than their quarterly collection of 2019.

Time For Sanwo-Olu To Intervene In LASU Power Problem, By Olabisi Deji-Folutile

Time For Sanwo-Olu To Intervene In LASU Power Problem, By Olabisi Deji-Folutile ADVERTISEMENT For more than five weeks now, Lagos State University, Ojo, has been in darkness. The Power Holding Company of Nigeria (PHCN) reportedly cut off power supply to the institution because of N29m electricity bill that the chairman of the university’s governing council considers to be too high. Although the council gives the impression that it is not paying because the bill is outrageous, to an average worker in LASU, the university is broke. It was lamentation galore the last time I visited LASU, a university whose sobriquet is “Citadel of learning that produces professionals and great students.” It is impossible not to pity the workers- from the non-academic to the academic staff. The hot weather compounds the problem. To worsen the situation, the lack of electricity on the campus also translates into lack of water. So, the whole place was messy. Imagine a university community without p

Time for Sanwo-Olu to intervene in LASU power supply problem

ON THE GO IMF, WTO seek faster distribution of COVID vaccine to boost global economy Kristalina Georgieva, managing director of International Monetary Fund (IMF) and Ngozi Okonjo-Iweala, director-general of the World Trade Organisation (WTO), have called for faster distribution of COVID vaccine to boost global. CBN freezes 84 bank accounts of firms, individuals under investigation The Central Bank of Nigeria (CBN) has secured an interim order of a federal high court in Abuja, freezing 84 bank accounts belonging to 25 individuals and companies.Advertisement Those affected. Banditry killing progress of the north, says ACF The Arewa Consultative Forum (ACF) says banditry is negatively affecting the progress which the north is known for. Advertisement There has been a series of attacks in the region in.

It s Time, Gov Sanwo-Olu Must Intervene In LASU Power Supply Problem

By Olabisi Deji-Folutile For more than five weeks now, Lagos State University, Ojo, has been in darkness. The Power Holding Company of Nigeria (PHCN) reportedly cut off power supply to the institution because of N29m electricity bill that the chairman of the university’s governing council considers to be too high. Although the council gives the impression that it is not paying because the bill is outrageous, to an average worker in LASU, the university is broke. It was lamentation galore the last time I visited LASU, a university whose sobriquet is “Citadel of learning that produces professionals and great students.”

Time For Gov Sanwo-Olu To Intervene In LASU Power Supply Problem By Olabisi Deji-Folutile

Time For Gov Sanwo-Olu To Intervene In LASU Power Supply Problem By Olabisi Deji-Folutile
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