The electricity
distribution companies (DisCos) say they have not received any subsidy from the
federal government.
In a statement on
Tuesday, Sunday Oduntan, executive director of research and advocacy of the
Association of Nigerian Electricity Distributors (ANED), said the N1.7 trillion
the government claimed to have paid is to the power generation companies
(GenCos).
Saleh Mamman,
minister of power, had said the government cannot continue to subsidise
electricity without “any positive outcome” in supply.
The minister added
that the DisCos receive 3,000 megawatts (MW) and pay for only 1,000MW, while
the government completes the payment for the outstanding 2,000MW.
“To date, the DisCos
have not received any subsidy from the federal government,” the DisCos said.
“References to the
N1.7tn in subsidies paid by the government are associated with payments that
have been made to the generating and gas supply companies, under the Payment
Assurance Guarantees initiative and the Nigerian Electricity Market
Stabilisation Fund.”
In January, Nasir
el-Rufai, governor of Kaduna state, also said the federal government spent N1.7
trillion on electricity in the past three years.
The governor added
that the country cannot make any progress until its electricity sector is
fixed.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com