FG reaches agreement with AEDC, IBEDC on power supply improvement

The Federal Government on Tuesday reached with the Abuja Electricity Distribution Company, AEDC and Ibadan Electricity Distribution Company, IBEDC on how to improve power supply to 10 states and the Federal Capital Territory, FCT, serviced by the utilities.

The Minister of Power, Chief Adebayo Adelabu had last week summoned the companies as well as the Transmission Company of Nigeria, TCN, over deteriorating power supply to their franchise areas.

Speaking at the meeting in Abuja, Chief Adelabu noted that efforts of the government to improve power supply across the would not yield tangible results without the cooperation of the DisCos.

He observed that rather than collaboration and partnership, it seems the government and the companies were working at cross purposes.

According to him, “We work through the operators. Our job as a Ministry is to expedite national development through formulation of appropriate policies, systems, and structures that will provide a conducive atmosphere for the operators in the sector to guarantee reliable, functional, and cost-effective electricity supply.

In which case, there is so much reliance on the operators”. Chief Adelabu added that the “problem with the power sector is not what you just throw money at and get results immediately. What matters most, beyond liquidity of financing and funding of the sector, is the passion, it is the commitment of the operators and their will to make a change beyond profiteering”.

https://www.vanguardngr.com/2024/03/fg-reaches-agreement-with-aedc-ibedc-on-power-supply-improvement/