NSE faults DisCos, GenCos, TCN over unstable electricity supply
The Nigerian Society of Engineers (NSE) has faulted power Distribution Companies (DisCos), Generation Companies (GenCos) and the Transmission Company of Nigeria (TCN) for the erratic power supply in the country.
The society argued that the power supply crisis in the country, which is caused by inadequate power infrastructure and poor tariff regime, weak commitment among owners of GenCos, DisCos, and TCN was largely responsible for epileptic power delivery.
The engineers, therefore, stressed the need for the establishment of a Special Purpose Vehicle (SPV) or Entity to transform the country’s power sector.
President of NSE, Adekunle Mokuolu stated this while briefing journalists, yesterday in Abuja on its resolutions at its 52nd conference and Annual General Meeting (AGM) in Kano recently.
He explained that the SPV would spearhead the improvement, expansion of electricity infrastructure and revenue collection, while the companies would only be responsible for operations and maintenance of their facilities, as a long-term plan.
He said for the industry to move forward, the blame game among the companies on the state of the nation’s power sector should be brought to an end.
Mokuolu stressed that prioritisation of power supply for industrial use above domestic consumption would facilitate economic growth and poverty reduction.
“Power is not storable and we want industrialisation to be key in the sense that most of what we are consuming is creating a capital flight. We are importing too much and the strategy for development is to consume what you produce and power drives industrialisation.
“When you focus on giving power to industries, the surplus will be given to residential areas. Power in residential areas is not that critical as that of industry, which grows the economy,” he said.
Mokuolu commended President Muhammadu Buhari for signing Executive Order 5, nothing that the policy would help to boost local industry.
He, however, admonished that the Order be urgently made an act of parliament, stating: “The greatest impact of the order is in industrialization and if passed into law, appropriate sanctions would be meted to defaulters.”
Mokuolu noted that other recommendations are, the immediate overhaul of the nation’s education curriculum in primary and secondary schools to reflect national development and anti-corruption campaign needs, among others.