Following their belief that only financially capable DisCos can deliver quality service to consumers, the House of Representatives has proposed that only electricity distribution companies (DisCos) with a capital base of N500 billion be allowed to operate.
The resolution followed a motion by Ibrahim Isiaka from Ogun State during Wednesday’s plenary session. Mr. Isiaka argued that DisCos’ current operations threaten economic stability and undermine public welfare, citing dubious practices in metre replacements as a major concern.
He pointed out that many Nigerians who financed electricity metres are now being forced to pay for replacements, an act he described as exploitative and detrimental to consumer trust.
Also Read: Bill on Diaspora Voting passes Second Reading at House of Representatives
Mr. Isiaka further criticised DisCos for sabotaging economic growth by failing to prioritise consumer interests, thereby stifling national development.
Leave feedback about this
You must be logged in to post a comment.