Business Quiz

Welcome to Billionaires Club Quiz Game. Answer all questions correctly and save your info on the Leaderboard to stand a chance to win FREE AIRTIME

You must specify a number.

DisCos Reject FG’s Plan To Access Accounts

Services

Electricity distribution firms have faulted alleged plans by the Federal Government to escrow and centralize their revenue accounts over the poor market performance on their monthly remittances.

The Association of Nigerian Electricity Distributors (ANED) yesterday said such move would be a nationalization of the 11 Distribution Companies (DisCos), privatized three years ago.

 

The Daily Trust reported on Monday that the DisCos owe N107 billion for services provided by six public owned service providers in 2016. One of the providers, the Nigerian Bulk Electricity Trading Plc (NBET) in its series of publications said the 11 firms paid far less than 40 percent of their monthly energy invoices last year.

 

Mr Moshood Saleeman, the Executive Managing Director of the Market Operator (MO), an arm of the Transmission Company of Nigeria (TCN) in late 2016 told our reporter at a market participants’ workshop in Abuja that if the poor collection and payment level continued, the DisCos’ revenue accounts might be escrowed to guarantee more power generation.

 

He said: “The remittance we get from the DisCos is about 30 percent and that is not good enough. It is not too impressive. We are talking about less than 30 percent, we believe if we can do higher than that it will be better for the industry.”

 

Mr. Saleeman said although the Transitional Electricity Market (TEM) is not fully enforced, yet as the privatized firms are still growing, “The signal we are giving is that if they don’t comply, we will be forced to enforce the penalties for security deposits and even escrow the accounts of DisCos concerned.”

Related Post

42 comments

  • I just want to tell you that I am beginner to blogging and absolutely enjoyed your website. Almost certainly I’m want to bookmark your website . You certainly have very good writings. Many thanks for revealing your website page.

  • I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this hike.

  • I will immediately take hold of your rss as I can not find your e-mail subscription hyperlink or e-newsletter service. Do you’ve any? Please let me recognise so that I may just subscribe. Thanks.

    https://roan24.pl/

  • I’ve been surfing on-line more than three hours today, but I by no means found any fascinating article like yours. It is pretty value enough for me. Personally, if all webmasters and bloggers made good content material as you did, the net will likely be a lot more helpful than ever before. “We are not retreating – we are advancing in another Direction.” by Douglas MacArthur.

  • Great – I should certainly pronounce, impressed with your web site. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your customer to communicate. Excellent task.

  • I am really impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one nowadays..

  • I truly wanted to write a simple word to be able to thank you for these amazing recommendations you are writing here. My incredibly long internet lookup has finally been recognized with pleasant information to write about with my visitors. I would point out that we readers actually are extremely lucky to be in a superb community with very many awesome professionals with useful advice. I feel somewhat grateful to have encountered the web site and look forward to many more amazing times reading here. Thank you once more for everything.

  • I have recently started a web site, the info you offer on this web site has helped me tremendously. Thank you for all of your time & work. “Never trust anybody who says ‘trust me.’ Except just this once, of course. – from Steel Beach” by John Varley.

    http://www.korbanek.pl/

  • Really good information can be found on weblog . “The fundamental defect of fathers is that they want their children to be a credit to them.” by Bertrand Russell.

  • Hi my loved one! I want to say that this article is amazing, nice written and come with almost all significant infos. I would like to peer more posts like this.

  • I do believe all the ideas you’ve presented in your post. They are very convincing and will definitely work. Nonetheless, the posts are too quick for starters. May just you please prolong them a bit from subsequent time? Thanks for the post.

  • Someone essentially assist to make critically posts I’d state. This is the first time I frequented your web page and thus far? I surprised with the analysis you made to make this particular publish incredible. Wonderful job!

    https://wrazmet.de/

  • I take pleasure in, result in I discovered exactly what I used to be looking for. You’ve ended my four day lengthy hunt! God Bless you man. Have a nice day. Bye

  • I like the valuable info you provide in your articles. I’ll bookmark your blog and check again here regularly. I am quite sure I will learn many new stuff right here! Best of luck for the next!

  • What i do not realize is in reality how you are no longer actually a lot more smartly-preferred than you may be right now. You’re very intelligent. You understand therefore considerably in the case of this subject, produced me in my opinion imagine it from so many varied angles. Its like women and men aren’t fascinated except it is something to accomplish with Woman gaga! Your personal stuffs great. At all times deal with it up!

    http://www.disspol.pl/

  • Thank you for the sensible critique. Me and my neighbor were just preparing to do some research on this. We got a grab a book from our local library but I think I learned more from this post. I’m very glad to see such fantastic info being shared freely out there.

  • Excellent beat ! I wish to apprentice while you amend your website, how could i subscribe for a blog website? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear concept

  • You really make it seem so easy with your presentation but I find this topic to be really something that I think I would never understand. It seems too complicated and extremely broad for me. I’m looking forward for your next post, I will try to get the hang of it!

  • Magnificent goods from you, man. I’ve understand your stuff previous to and you are just too excellent. I actually like what you’ve acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still care for to keep it wise. I can’t wait to read much more from you. This is really a terrific site.

  • I simply wished to say thanks once more. I’m not certain the things I could possibly have done without those strategies contributed by you relating to such topic. It was before a distressing problem for me, but understanding the skilled approach you solved it forced me to jump for fulfillment. I will be grateful for your support and thus trust you realize what an amazing job you are always providing training the others by way of your web page. I know that you haven’t encountered any of us.

  • We are a group of volunteers and opening a new scheme in our community. Your site provided us with valuable info to work on. You have done an impressive job and our whole community will be grateful to you.

Leave a Reply

Please Input Your Phone Number beside your Name in Bracket eg Musa (080********). Thanks

63 − 60 =

Please Input Your Phone Number beside your Name in Bracket eg Musa (080********). Thanks