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    MarketForces Africa » MarketNews » Irregular Power Supply: Ex-MAN Chairman Urges NERC to Penalise Discos

    Irregular Power Supply: Ex-MAN Chairman Urges NERC to Penalise Discos

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 8, 2024 MarketNews No Comments1 Min Read
    Irregular Power Supply: Ex-MAN Chairman Urges NERC to Penalise Discos
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    Irregular Power Supply: Ex-MAN Chairman Urges NERC to Penalise Discos

    Dr Wale Adegbite, former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, has advised the Nigerian Electricity Regulatory Commission (NERC) to penalise discos across the country for failing to fulfill their contractual obligations.

    Adegbite gave this advice on Monday in Ota, Ogun. He spoke in reaction to the upward review of the electricity tariff by Ibadan Electricity Distribution Company (IBEDC) for Band A, from N206.80/kWh to N209.50/kWh.

    The ex-MAN chairman said that the increase was marginal, but the issue was the availability of stable electricity for those on Band A.

    “Many customers are not getting electricity for the number of hours the electricity distribution companies have contracted to provide. So, NERC needs to penalise discos for not fulfilling their contractual obligations,” he said.

     Adegbite stressed that imposing stiffer punishment on these discos would ensure sanity and a more stable electricity supply for consumers.

    The Acting Managing Director, Ibadan Electricity Distribution Company (IBEDC), Francis Agoha, stated on Wednesday that the Nigerian Electricity Regulatory Commission had approved tariff increase from N206.80/kWh to N209.50/kwh for users in the category.  Customs Generates N92.3m in 3 Months in Ogun

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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