To stop curb the increasing revenue shortfall in Nigeria’s power sector, operators in the distribution arm of the industry, with the support of other participants in the market, have commenced a nationwide consumer enumeration, The Punch reports.
According to them, the financial shortfall in the sector has exceeded N1tn, as power generation companies are owed over N500bn; distribution firms about N200bn; while the Niger Delta Power Holding Company is indebted to the tune of over N100bn. Other service providers in the sector such as the Nigerian Electricity Regulatory Commission, Transmission Company of Nigeria and Nigeria Bulk Electricity Trading Company are also being owed billions of naira.
The Executive Director, Association of National Electricity Distributors, an umbrella body for the Discos, Mr. Sunday Oduntan, said that the official number of eight million consumers on the books of power distributors was too low. He said several millions of consumers used electricity without paying and that this was adversely impacting on the revenues of Discos, adding that power firms had resolved to effect a complete enumeration of the consumers to address the problem.