NERC Condemns Customers’ Payment Of Transformers

The Nigeria Electric
ity Regulatory  Commission (NERC) has said that any form of payment  for transformers and  meters by the consumers of electricity is not ideal.
The chairman of the commission, Dr.  Sam Amadi, who disclosed this at the second batch disbursement of N213 billion power investment fund in Abuja, said the consumers   are  mostly to be blamed for that.
According to him, this had  been happening because consumers  were usually very eager  to have  transformers installed for them.
He said that the Federal Government was doing everything possible to ensure that enough funds were injected into the system to meet most of the challenges of  insufficient fund in the  sector.
“The CBN has come in as a responsible financial institution to support us to improve the  capabilities of companies involved in the generation and distribution of electricity, to enable them improve their services,” he said.
According to him, all the parties involved  would be held  responsible  to meet their various obligations pointing out that it is strictly business and  that it is peared  towards unleashing the efficiency in the market and ensuring that everybody delivers on their commitment.
He said “everybody’s performance is measured, there is nobody who  will carry  any loose cup for anybody  because  defaulters will  be  penalized accordingly”.