The Association of Nigerian Electricity Distributors, ANED has threatened to commence the disconnection of power supply to military and police barracks as well as ministries, departments and agencies across the country over an accumulated N26billion debt.
The Association of Nigerian Electricity Distributors, ANED has made an appeal to President Muhammadu Buhari for a bail-out intervention to ameliorate the negative effects of the N26 billion debt levied on the group by consuming bodies. The debt has crippled the delivery of services by the group.
ANED has also threatened to commence the disconnection of power supply to military and police barracks as well as ministries, departments and agencies across the country as a way of ensuring compliance in payment.
It should be noted that the association comprises of the 11 Distribution Companies, DISCOs.
According to Vanguard, the ANED Director, Research and Advocacy, Sunday Oduntan, disclosed that more than N10 billion out of the total debt of N26 billion is owed by Military formations in Kaduna, Lagos, Oyo, Kwara and Ogun states.
Oduntan said: “We need to understand that there are three layers in the value chain of electricity. We have the GENCOs, which generate electricity and sell to the Federal Government through the Transmission Company of Nigeria who will then sell to us, DISCOs, 11 distribution companies across the country.”
“Which means all the money we are collecting from distributing electricity to the public, we only retain less than 25% of all money as our own. The remaining goes to the other stakeholders. When you buy electricity, you supply out and the Military, the MDAs and people are either not paying their debts or stealing energy, you now have commercial and collection losses.”