Mohammed Shosanya
President, Nigeria Consumer Protection Network,Kunle Olubiyo,has implored the federal government to pull out it’s 40% stake in the nation’s power sector.
Olubiyo,who gave the suggestion on the heels of the planned 50% increase in electricity tariff in Nigeria,also advised the government to break the monopoly of the 11 electricity distribution companys’ franchise into smaller units in ways that would break the present market monopoly and promote the ideals of competitive electricity market.
He also advocated the need for the government to address matters relating to domestic gas obligation, appropriate gas pricing,adding that gas to domestic market should be sold in local currency for use by gas to power generation power plants..
According to him,government should provide tax incentives, fiscal and non fiscal incentives and access to long term low interest single digits credit facilities to indigenous meters assembling plants / local meters manufacturers in order to strengthen their production capacity.
He added that end users of electricity in Nigeria should be given the opportunity to buy pre-paid meters on the shelves.
He said:”More investment should be channel into capacity expansion of critical power grid infrastructure and network improvements in other to upscale efficient service delivery, quality of supply, customer centricity , health safety and environment in the post privatized Nigerian power sector value chain”
