Abuja, Oct 15, 2023:The Minister of Power, Mr Adebayo Adelabu,has urged the Generating companies (GENCOs) and the Distribution companies (DISCOs), to improve on their performance in order to improve electricity.
Mr Bolaji Tunji, Special Adviser, Strategic Communication and Media Relations to the Minister said this in a statement in Abuja on Saturday.
Tunji said that the minister made this call while meeting with the management teams of GenCos and DisCos in Abuja.
He quoted the minister as saying that the meeting was aimed at finding a lasting solution to the challenges in the power sector that had affected the growth and development of the country’s economy.
Adelabu said that meeting with all the stakeholders in generating, transmitting and distribution value chain would be adopted as a regular one in order to constantly review developments in the power sector.
He described the gathering as the most authentic way of getting valuable information on the challenges faced by the operators as opposed to speculations.
“We called this meeting to learn from you and the only way to salvage a bad situation is to understand the real issues on ground.
”You will agree with me that power is the most important issue you need in order to re-energise the economy in terms of achieving the desired economic growth and industrial development.
” As contained in the President Bola Tinubu’s inaugural speech, where he referred to power as a major driver of economic growth and industrial development,” he said.
Adelabu urged the operators to synergise for the success of the power industry, adding that the work at hand cannot be carried out by one person.
“Power is one of the most important things we need to energise the economy in terms of achieving the desired economic growth and Industrial development.
”The president has identified the power sector as a major driver of economic growth, therefore no excuse will be entertained for non performance,” he said.
The minister solicited the support of the stakeholders in order to forge a ‘practical solution beyond theory.’
According to him, the cooperation of the managing directors of the generating and distribution companies across the country will make an impact in the sector.
He said, “There won’t be anything as fulfilling as making impact in the power sector within two to three years, delivering and sustaining electricity supply to the end users.
”They include schools, households, small businesses and industries, ”he said.