Debt Disagreement: MAN Seeks FG’s Intervention

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The Manufacturers Association of Nigeria (MAN) has urged 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.
The President of MAN, Dr Frank Jacobs who made the call over the weekend, said the condition given by the Nigerian Electricity Regulatory Commission (NERC) was impossible to achieve because of the size of the debt.
According to him, “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 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 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.