Reps recommend N500 million recapitalisation for discos

The House of Representatives has recommended a recapitalisation programme of not less than N500 million for electricity distribution companies in the country to remain operational.
The recommendation followed the adoption of a motion by Ibrahim Isiaka (APC-Ogun) at plenary on Wednesday in Abuja.
Moving the motion earlier, Mr Isiaka said that the activities of Discos COS in the country were posing a threat to the economic stability and welfare of Nigerians.
He said that consumers were being coerced into paying for meters that they had earlier financed, causing financial strain on households and businesses already facing economic challenges.
The rep said that when essential services were used against citizens who were intended to be served, it stifled growth and development, amounting to economic sabotage.
He said, “Despite constant regulatory oversight and demand for accountability by the Committee on Power from these companies, the discos remained recalcitrant in operating with impunity and disregard for consumer rights. The discos’ actions pose a significant threat to Nigeria’s economic stability and welfare of the citizens. There is need to stand against injustices and prioritise constituents’ needs and rights.’’
The House urged the Federal Ministry of Power to declare discos as non-state actors and take immediate measures to address their reckless actions, threatening the nation’s economy.
The lawmakers said that they should activate public awareness campaigns and initiatives to educate consumers about their rights and the proper channels for addressing grievances related to electricity services
In his ruling, the Speaker of the House, Tajudeen Abbas, mandated the Committee on Power to investigate the activities of discos with the intent to hold them accountable and safeguard consumer rights.
He said the committee should examine the implementation of the strict regulations governing the operations of discos to ensure transparency and fairness in dealings with consumers.
The Speaker directed the committee to report back to the House within four weeks for further legislative actions.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Abuja
Police probe officers accused of extorting motorist in Abuja
The police said the development followed a video showing the officers indulging in the extortion, which happened on Saturday and went viral on social media.

States
INEC presents certificates of return to Aiyedatiwa, deputy
The INEC national commissioner supervising Ondo, Kunle Ajayi, presented the certificates at the commission’s headquarters in Abuja on Wednesday.

States
Bayelsa govt tasks education ministry on effective regulation of schools
He lamented that over 80 per cent of private schools operating in the state have no minimum required standards stipulated in the guidelines for registration of private schools.

Hot news Home top
Morocco 2025: Benin Rep. players, officials assaulted by fans, police in Libya, says Rohr
The outcome of the match between Benin and Libya apparently angered the Libyan fans, who eventually resorted to throwing stones and bottles at the team.

States
2025 Budget: Delta earmarks N50 billion to enhance road infrastructure
He also restated Governor Sheriff Oborevwori’s determination to build rural roads that would help improve the living standards of the people.

NationWide
UN lauds Nigeria’s counter-terrorism efforts, humanitarian support for victims
He said the event marked an important milestone in their collective endeavour to support the victims and survivors of terrorism in Nigeria.