The Federal Government of Nigeria on Thursday disclosed that it has begun performance audit of electricity distribution companies (DisCos) from post-privatisation to December 2021.
This was disclosed by the Minister of Power, Abubakar D. Aliyu during the weekly ministerial briefing conducted by the Presidential Communication Media Team.
The Minister stated that the performance audit comes with a plan to sanction companies found wanting.
Aliyu said as of January 2022, the performance management of the DisCos had been fully transferred to the Nigeria Electricity Regulatory Commission (NERC) from the Bureau for Public Enterprises (BPE).
He, however, said based on the performance results, actions will be taken against underperforming DisCos under the guidelines of the contractual agreements.
While speaking further, the minister attributed the current epileptic power supply in various parts of the country to the reduction in water levels that hydro dams usually experience in the dry season.
He further reiterated that meters are to be provided for free, noting that they are instruments for generating money, which should not be sold, the minister said the government was working to ensure that all locations in the country were metered through the National Mass Metering Programme, warning that DisCos that fail to perform would be sanctioned.
