- The minister of power, works and housing, Babatunde Fashola urges stakeholders in the power sector to adhere strictly to all conditions in their contract with federal government
- The minister notes that to have efficient power supply nationwide requires everybody to play his or her role honestly, accountably and efficiently
- Fashola cautions electricity consumers to refrain from attacking service providers, energy theft and vandalisation of facilities
The minister of power, works and housing, Babatunde Fashola, has warned that the federal government will impose sanctions on players in the power sector if they fail to discharge their responsibilities to the consumers.
Babatunde Fashola issued the warning on Monday, April 10, at the opening session of the 14th monthly power sector operators’ meeting hosted by the Transmission Company of Nigeria (TCN) held at the national control centre, Osogbo, Osun state, Guardian reports.
The minister said to have efficient power supply nationwide requires everybody to play his or her role honestly, accountably and efficiently.
He said all investors in the power sector were aware of opportunities and challenges before entering into agreement with federal government and investing in the sector, stressing that the present administration is prepared to implement to the letters, all conditions stipulated in the contracts, signed with it by investors in the sector.
Vanguard reports that the minister however, assured investors in the sector of the commitment of the federal government towards provision of conducive environment that will enhance their businesses.
Legit.ng learnt that the minister said the government was verifying debts owed to power distribution companies (Discos) and had paid N374,551,00 owed Abuja Electricity Distribution Company (AEDC) by the federal secretariat, Abuja.
But he noted that that operations in power sector is largely in the hands of private operators and must be made to fulfil their mandate to Nigerians.
Fashola also cautioned electricity consumers to refrain from attacking service providers, energy theft and vandalisation of facilities as such actions amount to criminality, which the government will not allow to go unpunished.
Meanwhile, the minister of power, works and housing, has assured Nigerians that power generation would ramp up to 4,000 megawatts within the next six days.
Fashola made the assurance on Sunday, April 9, when he spoke on Arise Television, a sister broadcast arm of This Day newspapers.
The minister said: "In six days’ time, we will restore generation to 4,000MW,” promising: “By the time you have the hydro station back during the raining season, you will get more.”
Fashola also clarified that the N701 billion power intervention fund recently announced by the federal government would be spread over the next three years to give comfort to the operators, explained that the outages were due to low water levels at the nation’s hydro power stations. As a result, he said, power generation had gone down to 3,400MW.
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