A Review of the Nigerian Energy Industry

NERC generates N4.1bn revenue in Q3

Dr. Sam Amadi08 October 2013, Abuja – The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it got 4.1 billion naira as Internally Generated Revenue (IGR) between the first and third quarter ending in September 2013, just as it plans to establish new zonal offices across the country.

NERC chairman, Dr. Sam Amadi, disclosed this in Abuja during a visit of the House of Representatives Committee on Power to the Commission.

Amadi, who stated that the commission has experienced low Internally Generated Revenue (IGR) said, “On IGR we have not been fantastic but up till September, we generated 4.1billion naira. We need to recruit more personnel so that we could generate additional 2billion naira.”

He also noted that efforts are being made to boost its operations across the country even as its planned zonal offices would soon be completed. “We have made fund available for the exercise. We are working towards opening zonal offices.

“We are committed 100 percent that before the end of this budget year we would have gotten all the offices ready and we have eight forum offices as of today for complaints,” he explained.

Chairman of the House of Representatives Committee on Power, Hon Patrick Ikhariale expressed concerns over the wholesome sale of the three sectors of the PHCN which are the generation, distribution and transmission, stating that the National Assembly thought the privatization would be in stages.

Ikhariale enjoined concerned agencies to remain transparent throughout the exercise, as he cautioned that beyond the PHCN privatisation, there should be due diligence on the privatization and the operations of the new investors in order to ensure improvement in power supply.

– Daily Trust

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