FGN Mulls Making DISCOS Extinct And Handing Over Power Sector Solely To SIEMENS
The distribution companies of Nigeria are sweating bullets today as the federal government is considering a proposal to take over power supply from them and handing it over to the German company Siemens.
It, the FGN, warned that it could no longer tolerate the shoddy performance of the Discos, which has undermined its efforts at ensuring a stable supply of electricity.
If approved Siemens will fully take charge of power generation, transmission and distribution.
According to the Minister of Power, Mr Saleh Mamman( below) Nigeria currently generates 13,000 megawatts of electricity and transmits 7,000 to Discos while the distribution companies can only distribute 3,000 megawatts to end-users
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According to him, the Discos have continued to demonstrate a show of incapacity, inefficiency and dishonesty in the distribution of power to consumers despite the huge investments made into the sector by the federal government since the privatisation of the power sector in 2013.
“ The Government cannot continue subsidising. If they are ready to continue, fine. If not, give a chance to those who are ready,”
Many Nigerians are praying that this will come to fruition sooner than later.