MAN urges FG to intervene over debt disagreement with DISCOs

MAN urges FG to intervene over debt disagreement with DISCOs

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The Manufacturers Association of Nigeria (MAN) has asked the Federal Government to intervene in the ongoing debt disagreements between the electricity distribution companies (DISCOs) and manufacturers to enable them access the stranded 2,000 mega watts of electricity.

Making the call in Lagos, during the week, MAN President Dr Frank Jacobs said the condition given by the Nigerian Electricity Regulatory Commission (NERC) was impossible to achieve because of the size of the debt. He said; “Some of the challenges we have with taking advantage of the stranded 2,000 mega watts of power is that the NERC has continued to insist that MAN members and consumers clear off outstanding debts to the DISCOs.”

“However, there have been disagreements on how much is really involved and that has not been resolved to date. The figures reeled out by the DISCOs are too high when compared with what our members claimed they owed,” he added. Jacobs explained that a consensus was reached by the DISCOs and MAN to approach the government to see what could be done to enable manufacturers take advantage of the stranded power. According to him, it would be a credit to the government if they can intervene and the stranded power becomes utilised.

Source: The Nation


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