Nigeria: FEC Approves Energy Recovery Program to Mitigate Issues on Gas, Transmission, Metering and Load Reductions
By Ndubuisi Micheal Obineme
The Federal Executive Council of Nigeria (FEC) has approved an energy recovery program to resolve issues on gas, transmission, metering, load reduction, contract enforcement, customer’s service and consumer protection among others.
The announcement was made known by Hon. Minister of Power, Works and Housing, Babatunde Fashola at the 14th Monthly Power Sector Operators Meeting hosted by the Transmission Company of Nigeria (TCN) in Osogbo, Osun State.
The Minister said, Government is determined to enforce policies on the sector not to the operators only but including to its own self. Government is not above the low.
“Every loss must be accounted for and paid for. This is a business and in every business that is properly managed when losses begin to occur those who are responsible for managing the business will be
held accountable for the losses either by losing their job, make a refund, resign from the job. We are heading into that direction where any losses will be accounted for whether it is from the Government or the private sector, the Minister added”
The Minister also said, “it is high time for every operators involved in the business to perform their duties as required or quit the power sector business. As we all know, large part of the Nigerian Power Sector is currently managed by private investors and therefore the responsibilities for compliance for loss reduction, service efficiency, improved customer service and general access to power will be strict to the operators in order for them to perform efficiently”
In conclusion, The Minister urged the operators to work according to the terms and conditions under which they acquired the assets and understand fully why they are contracted to do the work and also know the consequences involved if they are unable to deliver as expected.
