Nigeria Lawmakers Demand Probe Into DISCOs’ N500bn Capital Base

0
26

Lucky Obukohwo, Reporting

The House of Representatives, has asked for a N500 billion capital base for electricity Distribution Companies ( DISCOs) operating in the country, just as it calls for a probe into its activities so as to hold them accountable and safeguard the right of consumers in the country.

The House said this is necessary to ensure that only companies with the required capital and capability to provide satisfactory services to consumers are allowed to continue to operate.

Moreso, the house, while urging the Federal Ministry of Power to take urgent measures to address the actions of DISCOs, which allegedly constitute a threat to the country’s economy, equally called for enlightenment of consumers about their rights and how to properly channel their grievances.

This followed the adoption of a motion by Ibray Isiaka, on the “Need to address activities of Distribution Companies (DISCOs) in Nigeria.”

Hon. Isiaka in his motion, informed the House that DISCOs are compelling electricity consumers to pay for replacement of metres, under “ dubious “ pretences.”

He stated that this notwithstanding that the consumers had earlier paid for the installation of the metres.

He argued that activities of the DISCOs constitute a threat to economic stability of the country, as well as the welfare of the people.

According to him, “consumers are being coerced into paying for meters which they have earlier financed, causing financial strain on households and businesses already facing economic challenges.”.

As Isiaka expressed deep concern that “despite constant regulatory oversight and demand for accountability by the Committee on Power from these companies, he said Discos remained recalcitrant in operating with impunity and disregard for consumer rights.”

Based on that, the lawmaker appealed to the House to stand against alleged injustices against electricity consumers, as well as prioritize the needs and rights of their constituents.

Leave a reply

Please enter your comment!
Please enter your name here