- MEMMCOL tasks power Minster on sector challenges
- Seeks a new roadmap to address challenges across the value chain
- Seeks transfer of power generation and distribution from the exclusive to the concurrent list
The Chairman of the Momas Electricity Meter Manufacturing Company (MEMMCOL), Mr Kola Balogun, during an interactive session with the media, has urged the newly appointed Minister of Power, Abubakar Aliyu, to chart the course to address challenges in the Nigerian power sector.
Mr Balogun urged the Minister to consult with stakeholders on developing a comprehensive roadmap for generation and distribution to transform the sector. He also suggested removing power generation and distribution from the Exclusive to the Concurrent lists and the decentralisation of the national grid.
”Why do we continue to have a single grid that binds all of us together?” Balogun said. ”We need to separate it in such a way that any state or local government can go into power generation and distribution to people within its area. If the power being generated is not enough, they can even buy from the national grid,” he added.
”…power generation and distribution should be removed from the Exclusive List and moved to the Concurrent List. That is why we are advocating for franchising so that Nigerians will enjoy more supply.” Balogun stated.
”The entire process should be done in a way that investors are able to get back their funds while their customers will get fair bills in line with global best practices,” he added.
Balogun called for investments in the power sector, effective regulation and the strengthening of statutory responsibilities.