Electricity workers, under the aegis of the National Union of Electricity Employees (NUEE), have disclosed that the country’s power sector is collapsing because most of the Distribution Companies (DisCos) are being taken over by banks to recover funds borrowed by investors.
NUEE made the disclosure Friday at a news conference in Benin, Edo State, by its Zonal Organising Secretary, Generation and Transmission (G&T), Edo/Delta, Nash Shuaibu, in the company of the union’s Central Executive Council (CEC) member for West, David Ehigiamusoe, and its Zonal Coordinator, Ben Omoruyi.
The union declared that it is inhuman and insensitive to increase electricity tariff without noticeable improvement in power supplies and provision of prepaid meters to Nigerians by the Nigeria Electricity Regulatory Commission (NERC) and the DisCos, as directed by the Federal government.
The union revealed that the investors in the power sector are only interested in profit maximisation without bothering about satisfying their customers and providing good welfare for their employees.
NUEE said: “Electricity workers cried out at the privatisation of Nigeria’s power sector in October 2013, that the investors taking over the sector did not have the technical competence and financial muscle to fix the sector, to improve power generation and distribution to Nigerians.
“The hustlers who advised the Federal Government to sell the power sector also deceived the administration to pay about N2 trillion subvention to the investors that bought the companies.
“Nigerians are today groaning over epileptic power supply. NUEE has been vindicated, as we always stand on the side of the truth.
- Media Report