The House of Representatives has urged Nigeria’s 11 electricity Distribution Companies (DisCos) to meet a minimum investment threshold of N500 billion or exit the power sector. This recommendation aims to ensure DisCos have the financial capacity to enhance infrastructure and provide better services.
This call follows a motion presented by Rep. Ibrahim Ayokunle Isiaka during plenary, highlighting the DisCos’ “reckless actions” that undermine economic stability and consumer trust. Isiaka criticized the companies for demanding additional payments for replacing outdated electricity meters, despite consumers having already paid for installations.
The House accused the DisCos of stifling economic growth through poor service delivery and disregard for consumer rights. Despite regulatory oversight, DisCos continue to operate with impunity, the motion noted.
The House has mandated the Committee on Power to investigate the activities of DisCos and review the implementation of regulations governing their operations. It also emphasized the need for public awareness campaigns to educate consumers about their rights and avenues for resolving electricity-related grievances.
The committee is expected to present its findings within four weeks for further legislative action.
