Connect with us


Discos blame poor performance on lack of forex




Electricity Distribution Companies (Discos) in the country have attributed their poor performances, and inability to meet their obligations to their failure to access foreign exchange.

Executive Director of the Association of Nigerian Electricity Distribution Companies, Mr Sunday Oduntan, therefore called on government to allow them easy access to foreign exchange to boost service delivery.

Read also: Dangote gets 30% tax cut to construct Lokoja-Obajana-Ilorin road

Their inability to perform at the optimum he stated has led to revenue shortfalls of about 300 billion Naira.
Oduntan also said that the deficit threatens to completely undermine the electricity value chain and its ability to continue to serve the customers.

He added that the metering gap has dropped to 2.8 million customers, with about 3.3 million customers now metered across the country.

RipplesNigeria …without borders, without fears

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now