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Electricity tariff in Nigeria too low –Engineer

botchway April 26, 2019


STEADY power supply in Nigeria will continue to be elusive until the tariff paid by consumers is reviewed upwards to sustain high revenue inflow to power production and distribution companies.
Engineer Adekunle Mokuolu, President of Nigerian Society of Engineers, NSE, stated this in Calabar on Wednesday while speaking at the 3rd memorial lecture in honour of Engineer John Egbe, a former national vice chairman of the Society.

He said power distribution companies have to undertake estimated billing of customers in order to raise revenue to keep them afloat.

‘Standards in this country are bastardised so the distribution companies are using that to break even because the overhead cost for the production and distribution of electricity is very high while the tariff is very low so the distribution companies which deal directly with the consumers have to rely on estimated billing to increase their revenue”.

Engineer Mokuolu said electricity production and distribution companies are business enterprises and not humanitarian organisations so there is need for power sector policy review to update existing laws and policies in the sector to engender efficient power supply”.
Source: vanguardngr.com

 

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