Although, the Central Bank of Nigeria (CBN) provided a N701 billion facility, to assist NBET in meeting its payment obligations from the generation invoices to ease the liquidity challenges, the Gencos are yet to get full payment of all the outstanding debts.
The minister said that statistics revealed that only six million households consumed energy in the country, adding “if this is correct, it means that some people steal energy in the country, while only a few pay.”
“There are many Nigerians (estimated at 70 million) without any connection to the grid who still rely on rudimentary lighting systems characterised mainly by use of kerosene lamps, candles and petrol generators with attendant health and safety risks and indeed financial challenges,” he noted.
Adopting a motion sponsored by Hon. Mark Terseer Gbillah, yesterday, the lawmakers leveled several allegations against the NDPHC. Gbillah accused the NDPHC of refusing to be held accountable by the National Assembly.
He noted that the Discos have irrespective of their excuses, failed to also tell Nigerians that they have mostly refused to submit their annual statement of accounts to the NERC as required by the reform law, as well as frustrated attempts by NERC to activate their pacts in the Transitional Electricity Market (TEM) which should bind them to objective service delivery.
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