The Nigeria Consumer Protection Network (NCPN), has called on federal government to address the issues around the actual cost of production of electricity in Nigeria.
The president of NCPN, Kunle Kola Olubiyo, who made the call in a statement noted that, “Increase in electricity tariff will not put an end to investment by electricity consumers in buying of distribution transformers, pre-paid meters, electric poles, cables and other materials.”
He said there is also a need to address the governance structure of the Rural Electrification Agency by strengthening it through an executive bill.
“We are of the opinion that government needs to address the issues around the actual cost of production of electricity in Nigeria which at the moment is unjustifiably and outrageously over-priced and loaded with corruption.”
He further called on the federal government to repeal and abrogate the Electric Power Sector Reform Act of 2005.
Olubiyo, also called for the establishment of an executive bill for Rural Electrification Act, 2020, Independent Systems Operators Act , 2020, Transmission System Providers Act, 2020 and Nigerian Electricity Market Operators, Act 2020.
According to him, “The Governance Structure of Nigerian Electricity Regulatory Commission/Management Structure should be reviewed urgently.
The federal government through the ongoing amendments at the National Assembly should change the name of the Electric Power Sector Reform Act 2005 to Nigerian Electricity Regulatory Commission Act, 2020, as stand alone Act’’.not a sector wide Act.