The Confusion over planned N104b free electricity for Nigerians

The Confusion over planned N104b free electricity for Nigerians

• DisCos back move, GenCos yet to decide
• 90% Nigerians may miss out in the scheme

A Bill announced by the Speaker of the House of Representatives, Femi Gbajabiamila, with the intent of waiving the payment of electricity bill worth N104 billion for consumers for two months has become a source of confusion among stakeholders in the power sector.
Though the Electricity Distribution Companies (DisCos) have expressed backing for the move to mitigate hardship caused by coronavirus (COVID-19) for consumers, the generation companies told The Guardian that the option was being weighed.
Gbajabiamila’s proposal that the payment of electricity bill be waived is being seen as thoughtless, considering the fact that the power sector is already privatised and currently on the verge of being thrown into insolvency.
The stakeholders insistedthat the proposal, coming at a time when the Federal Government is facing financial crisis and has already approached the National Assembly to approve N500 billion for COVID-19 intervention in the face of revenue shortfall, indicated that the lawmakers lacked knowledge of the power sector and the prevailing situation in the country.
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