Senate Committee Scores Power Firms Low

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The Senate Committee on Privatisation has scored some  privatised electricity companies low, saying they lack good service delivery.

It, however  praised  the Benin Electricity Distribution PLC (BEDC) for doing well, stating that, it has introduced “innovative measures” to meet customers’ obligations.

Speaking when the committee and a team from the Bureau of Public Enterprises visited BEDC, the panel chairman, Senator Ben Murray-Bruce, said: “Some of the privatised companies are well-run, some average, while some are badly run, but with what we’ve seen so far, about BEDC, I congratulate your management for being one of the well-run companies.”

Murray-Bruce said the Mrs Funke Osibodu-led BEDC management had done well in community relations, payment platforms and customer services, despite the sector’s challenges.

“We have seen the excitement of staff at the training programmes of BEDC, an enabling environment and air of camaraderie among management staff, which we have not seen in other places. This shows that the company is well-run, and we do not expect anything less than this, given the pedigree and antecedent of Mrs Osibodu,’’ he added.

Bruce said the sector was battling with a N900billion debt, high foreign exchange and recession.

He said he was concerned with how to solve the problems, adding that the committee would organise a public hearing on privatisation of the power sector, to address the problems.

Mrs. Osibodu  urged the committee to persuade the Federal Government to dollarise the naira price for gas; which is the raw material for electricity production. The government should also take a cue from its Indian counterpart by subsidising  tariff for lower class residential customers.

Source: The Nation

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