President Muhammadu Buhari has said it is no longer sustainable for the Federal Government to bear the tariff shortfalls in the power sector.
Buhari said this on Thursday, Nov 26, at the inauguration of Eko Electricity Distribution Company’s Supervisory Control and Data Acquisition-Distribution (SCADA) Management System Centre in Lagos.
Buhari, represented by the Minister of Power, Mr Sale Mamman, said the SCADA system would help EKEDC monitor and respond more quickly to faults and reduce outage durations, thereby improving the quality of service to customers.
He said “We have noted with grave concern the increased financial burden on the Federal Government occasioned by the tariff shortfalls in the sector which are no longer sustainable. We are also aware that these tariff shortfalls sit on Discos’ books and impair their ability to raise capital and invest. The Federal Government is working assiduously to address these financial and fiscal challenges through various programmes such as the National Mass Metering Programme, the Siemens AG Power Project and the World Bank Distribution Sector Recovery Programme, etc.”