A Review of the Nigerian Energy Industry

BPE lauds Ikeja Disco on post-privatisation performance

Ikeja Electricity Distribution CompanyKunle Kalejaye 17 July 2014, Sweetcrude, Lagos – Director General of the Bureau of Public Enterprises, BPE, Mr. Benjamin Dikki, has lauded the management of Ikeja Electricity Distribution Company, IKEDC, over post-privitiasation transformation of human capital in the company.

Dikki explained that eight months after Federal Government officially handed over the power sector to the private sector; IKEDC has shown tremendous improvement in areas of customer service delivery and equipment upgrading.

He described the transformation in the Distribution company, DISCO, as a symbol of change that indicate operational different from government owe company to private sector driven.

“Within eight months of taken over, the Disco has improved in terms of quality service and effective goal driven has been established which makes it a business driven. We are delighted that all abandoned projects have been brought into operational use, because those facilities will go a long way in boosting the power.

“Today, we are happy to see the difference between government and private driven business in power sector,” Dikki said.

Dikki also said that the post privatisation monitoring exercise is to identify areas which government can be of assistance to the DISCOs and re- assured them of government support on post-privitisation exercise noting that government still has 40 per cent stake in the business which will result in adequate provision from government in enhancing the operations of the DISCOs.

He said President Goodluck Jonathan has been at the vanguard in ensuring that the private sector strive in the country to become the engine of economy growth in Nigeria stating that government has tremendously achieved effective and adequate privitisation of the power sector which has never happened in the history of the country.

“We are here and we are happy with what we have seen, Ikeja DISCO is a clear example of the privitatisation process.

“IKEDC has shown good initiative towards effective customer’s service delivery and prompts response to complaints which was not in place when the DISCO was in the hand of the government.

“The establishment centre is a clear indication of effective private sector driven company.

Dikki urged management of IKEDC to embark on sensitisation programm that will educate customers on power sector value chain on energy distribution process stating that it will go a long way in educating customers on the role of DISCOs through energy supply.

“There is need for effective sensitatisation to enable customer understand the role of IKEDC,” this he said will reduce staff molestation.

In his remark, Mr Abiodun Ajifowobaje, the Chief Executive Officer, IKEDC said energy has been a major challenge to the company.

Ajifowobaje explained that over one billion naira has been spent on various projects within the company, adding that the company only got about 345 mega watts as against 1,257 mega watts demand.

“We have installed and completed all rehabilitated transformers and pending projects within the company.

“We are planning to engage other source of power supply through embedded generation and others,” he said.

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