• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Association blames FG for not providing DisCos with N400bn for services

DisCos

The Matters Press by The Matters Press
August 1, 2022
Reading Time: 2 mins read
0
Strike puts Nigeria in darkness

Electricity distribution station

The Association of Nigerian Electricity Distributors (ANED) has blamed the government for failing to provide a N400 billion fund and other promises after the 2013 privatisation to ensure the Distribution Companies (DisCos) improve services.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Daily Trust attributed the story to a statement by the Executive Director, Research and Advocacy, ANED, Barr. Sunday Oduntan, which was released on Sunday.

Despite the failure of the government on these promises, it announced restructuring of five DisCos early July 2022 by the Bureau of Public Enterprises (BPE) and the Nigerian Electricity Regulatory Commission (NERC).

Embassy kicks over murder of Nigerian in Italy, says Justice will prevail
Nollywood actors kidnapped in Enugu ANED said the “restructuring” was inconsistent with all the guidelines and processes of the privatization agreements and the rule of law.

“We believe that it is reasonable to conclude that the resultant outcome has been an expropriation or backdoor renationalization of the DisCos by the Federal Government of Nigeria (FGN),” it stated.

But giving a background to the challenges of the DisCos, the association said, “Fundamentally, the basis of privatization was flawed from the beginning, due to conditions that were not met by the FGN, while expecting the DisCos to meet their performance obligations.”

It said the DisCos’ investors were short-changed because of insufficient and unreliable data from BPE during the privatization process while the government failed to deliver its commitments on ensuring debt-free financial books, clearance of all Ministries, Department and Agencies (MDA) electricity debts.

ANED said government failed to provide “N400 billion subsidy, implement a cost reflective electricity tariff and private management of the Transmission Company of Nigeria (TCN), currently, a government-owned and operated entity.”

While ANED said the DisCos take responsibilities for some issues, it stated that the government also contributed to the challenges.

It said the government holds 40% stakes in the DisCos, has representatives on the boards that take operational decisions but the DisCos are blamed for the misalignment in the power sector.

“Expropriation or renationalisation, by itself, of the DisCos will not change the current bleak situation or outlook of the Nigerian Electricity Supply Industry (NESI),” ANED noted.

Source

Tags: DisCos
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
PENCOM launches radio programme

Assets of contributory pension scheme hits N842bn

Stakeholders commend NNPC for good performance

NNPC remits $2.7bn to CBN

Recommended Stories

Air Force buries 5 combat officers

Air Force buries 5 combat officers

January 8, 2019
WTO postpones conference due to pandemic travel restrictions

EU takes China to WTO over high-tech patent protection

February 19, 2022
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

Our food are perishing, FCT traders cry out

February 13, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us