Power firms holding Nigerians hostage - Esele

Power firms holding Nigerians hostage - Esele

- A former TUC national president has berated the country power sector

- He lashed out at both Genco and Discos for not meeting the people's expectation

- He lamented that the reason the power sector was privatized has not been materialised

Peter Esele, a former president of the Trade Union Congress (TUC) has berated the power holding company in the country, adding that they have failed in ensuring that Nigerians enjoy what they are being charged for monthly.

The Punch reports that Esele said this in Edo state on Thursday, October 4. He stated that the federal government has put itself on the jawbones of jaguar by privatising the country's electricity company in 2013.

The TUC leader also said that both Gencos and Discos have failed in fulfilling the reason the power sector of the country was trusted to them.

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He said: “I was the TUC president then when we had the discussion about power. Between (former) President Goodluck Jonathan’s government and President Muhammadu Buhari’s government; these so-called Gencos and Discos have collected over N1tn.

“How can we be giving money to privatise an entity? What they have done is blackmailing the government, as they borrowed so much money from the banks. So, if the government does not make money available to them, they will not pay the banks and the banks may go under.

“They do not share their profit with us. When profit comes, they pocket it. But you and I will carry their liability.”

“When you carry out privatisation, there are timelines. There are agreements. Are they meeting the timelines? No. The Discos declared force majeure in the northeast, so they are not responsible for anything.

“But in other areas, if you do not meet the timelines, then you have violated the terms of the contract and the asset can be resold. I was part of the negotiating team.”

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Meanwhile, Legit.ng previously reported that the authority of Eko Electricity Distribution Company (EKEDC) promised to give out 100 free prepaid meters to its customers as part of the celebration of its annual customers’ service week.

The general manager of the electricity company, Godwin Idemudia, made it known on Wednesday, October 3, in Lagos.

Idemudia expressed that the move was part of the plan to bring more familiarisation and ensure customers' satisfaction.

Nigerian Electricity Crisis Explained - Legit.ng TV

Source: Legit.ng

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