The Nigeria Consumer Protection Network (NCPN) has called on the Federal Government to carry out immediate mid-year review of operators in line with the performance agreement / service level agreement.
President, Nigeria Consumer Protection Network and Member, Presidential Adhoc Committee on Review of Electricity Tariff in Nigeria, Mr Kunle Olubiyo, said this in an interview in Abuja on Friday.
He said: “The Distribution Companies (DISCOs), Generation Companies (GENCOs) and even the Transmission Company of Nigeria(TCN) should be reviewed in line with the performance agreement / service level agreement.
“Signed by the Directors and sanctions where necessary and not reliance on already doctored monthly or quarterly returns from the current operators.”
Olubiyo also called for immediate forensic audit or open book review of the operators.
“We call for proper reconstitution of TCN Board and unbundling of TCN into technical, commercial and operational segments.
“While at the same time decentralise the management of the Nigerian Power Grid Infrastructure into regional management.
“To enhance the Eligible Customer Framework, Willing Buyers & Willing Sellers Business Mode,” he said.
Olubiyo said that Federal Government as a partner on behalf of the masses owns 40 per cent shareholding and deserves to know the operational efficiencies, payback period and returns on its investments rather than bailouts.
He said the bailouts added to their initial capital at privatisation had given them above 100 per cent ownership without any return in the last eight years.
Olubiyo said that states and local government were shareholders in the power and should demand for their rights.
“Labour and Consumer Rights Advocates, Consumer Rights Advocacy Group , the Civil Society Organisation be in involved with the day to day activities of Electricity Sector.
“Community Based Organisations must be involved to sanitise the sectors once and for all,” he said.