Federal Government’s inability to periodically review power sector’s Multi Year Tariff Order (MYTO) has resulted to a loss of over N1.4 trillion.
Executive Secretary, Association of Nigeria Electricity Distributors (ANED), which comprises 10 power distribution companies (DisCos), Sunday Oduntan, disclosed this during a media briefing in Abuja at the weekend.
He said while the MYTO, which came into effect in February 2016 gave room for periodic tariff review in the Nigerian Electricity Supply Industry (NESI), the Nigerian Electricity Regulatory Commission (NERC) charged with the responsibility, failed to comply with the order.
Oduntan, who decried vandalism of power infrastructure, especially injection substation at the Ibadan DisCo in Ilesa, Osun State, stated that rising attacks on electricity workers and journalists by protesters was unacceptable.
The Guardian, Monday 25, March
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