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CACOL Warns BPE Over Renewal Of DISCOs Licences 

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CACOL Warns BPE Over Renewal Of DISCOs Licences 

The Centre for Anti-Corruption and Open Leadership (CACOL) has warned the the Bureau for Public Enterprises (BPE) against extending the operating licences of nine electricity distribution companies across the country.

CACOL said it was opposed to the renewal of the operating licences of the DISCOs because of the grand extortion they have perpetrated against the people across the country.

Debo Adeniran, CACOL’s Convener, said there was no gainsaying the fact that Nigerians were already exasperated with the activities of these DISCOs.

“Lagos State which consumes roughly half of the power generated in Nigeria is the worst hit in this unprecedented national scam. In most parts of the Lagos metropolis, the story is the same; electricity supply is very poor, yet consumers are extorted by Eko and Ikeja Electricity Distribution companies-the two DISCOs that hold sway in the nation’s commercial capital.

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“It is also pertinent to mention that DISCOS across the country routinely engage in illegal disconnection of consumers from the national grid. In most cases, such disconnected customers have to pay bribes to the DISCO officials before power is restored to them. This is a clear violation of Section 5 (1f) of the Electric Power Sector Reform Act of 2005,” he said.

Adeniran said for the avoidance of doubt, section reads: “A Distribution company may only disconnect supply to a customer’s address when the customer has not paid the amount correctly billed for that supply address by the relevant date, provided the Distribution Company has given the customer a written warning that electricity supply shall be disconnected if payment is not made by the payment date and the warning contains (1) the date of delivery to the supply address or any other address provided by the customer and (2) a telephone number and or address acceptable to the Distribution company where the customer can request assistance for paying the outstanding bill”

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“Our observation is that the nation’s policy-makers seem to have forgotten that the primary purpose of government is to ensure that the security and welfare of the people are protected at all times. The relevant government officials don’t seem to have made the effort to adequately assess the current electricity situation because they have not asked themselves several basic questions about privatization of the power sector.

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“The questions are: “Will the shoddy privatization of the power sector stand the test of time? Will it work? And will the present core investors (who neither have the knowledge of the electricity business nor the financial muscle) make it work?” “Why has nothing been done to improve power supply since the power sector reforms were made apart from jacking up the tariff through crazy bills?”

Nigerian News

Buhari Condemns Killing Of Christian Youths In Gombe

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Buhari Decries Killing Of Christian Youths In Gombe

President Muhammadu Buhari has expressed deep sadness over the killings of those Christian youths by the Nigerian policeman who was accused of intentionally ramming his vehicle into them in Gombe while on their Easter Sunday procession.

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The president also expressed sadness over the reprisal killing of the law enforcement officials allegedly responsible for the tragic incident.

In a statement on Monday, the president described the violent actions as “very unfortunate,” and extended condolences to the families of the victims.  He also wished the injured speedy recovery.

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Along with the Christian Association of Nigeria, Gombe chapter, and the state government, the president appealed for calm.  He also decried reckless driving, as well as what he called “quick resort to self-help and mob action.”

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Nigeria’s Borrowing Remains Relatively Low At 19% – Minister

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Nigeria's Borrowing Remains Relatively Low At 19% - Minister

Minister of Finance, Zainab Ahmed, has said Nigeria’s borrowing still stands at 19 per cent of the Gross Domestic Product (GDP).  She said this level is low compared to debt levels in Ghana, Brazil, South Africa, Egypt and Angola.

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The minister also said there is no plan to remove fuel subsidy. She said the International Monetary Fund merely advised the federal government to remove fuel subsidy but assured Nigerians fuel subsidy removal plans are not even being considered at this time.

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On the question of the country’s debt level, the minister said Nigeria’s borrowing is still at 19 per cent of GDP.  She said this is still within the country’s fiscal responsibility act which allows a maximum of 25 per cent of GDP.

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The minister said Nigeria has the lowest level of borrowing compared to other countries.

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Nigerian News

Sanwo-Olu Expresses Confidence In Election Petition Tribunal

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Sanwo-Olu Expresses Confidence In Election Petition Tribunal

Lagos state governor-elect, Babajide Sanwo-Olu, has expressed confidence he will be victorious at the Lagos State gubernatorial electoral petition tribunal.

The governor-elect expressed the optimism when he visited the tribunal to sign responses to two petitions challenging his victory in the march governorship election in Lagos.

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His victory is being challenged by chief Owolabi Salis of the Alliance for Democracy, and professor Ifagbemi Awamaridi of the Labour Party.

Sanwo-Olu said the tribunal will find that the challenges to his victory were without merit because Lagosians went out and voted in large numbers and made their choice.  With him at the tribunal was deputy governor-elect, Obafemi Hamzat.

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