The Ikeja Electricity Company has commended Federal power privatization
\nprogramme, saying it has enable them to generate billions naira profit.<\/p>\n
The managers of the six Business Units of the electricity company
\ndisclosed this during their separate interactions with a team from the
\nPost Privatization Department of the Bureau of Public Enterprises (BPE)
\nwhich the monitoring of power companies in the Lagos axis of the country.<\/p>\n
It could be recalled that privatization exercise of the power sector
\nstarted in the in the six units of the electricity company.<\/p>\n
The Manager of Ikeja Business Unit, Mr. Christopher Lawal, told the BPE
\nteam, led by a Deputy Director in the Bureau, Ignatius Ayewoh, that
\nbecause of the benefits of privatization, leakages have been blocked and
\nthe Unit generates N1.1bn monthly compared to the N400,000 in the
\npre-privatization period.<\/p>\n
He said the unit has installed 1,200 meters customers, adding that
\nGuinness\/Harp is its highest paid customer paying N26-N27million monthly.<\/p>\n
Lawal said the Unit has 28 injection stations and supplies its customers
\nwith 80-100 megawatts of electricity but planned to up to 250 megawatts to
\nmeet the required demand of 376 megawatts.<\/p>\n
At the Oshodi Business Unit, the Manager, Mr. Sunday<\/span><\/span> Oyewale said the Unit He said because of the improvement in services, 134,000 customers were now According to him, following privatization, customers have begun to\u00a0 follow On the complaints of non-provision of meters to customers who purport to In their separate encounter with the team, Business Managers for Shomolu, The Managers, who were staff of the defunct Power Holding Company of The BPE team leader, Mr. Ignatius Ayewoh commended the strides recorded by The Ikeja Electricity Company has commended Federal power privatization programme, saying it has enable them to generate billions naira profit. The managers of the six Business Units of the electricity…<\/p>\n","protected":false},"author":1,"featured_media":44969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-44968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n
\ncollects N1.211bn monthly, compared to N602 million in the
\npre-privatization period.<\/p>\n
\non its network compared to 128,000 in the pre-privatization period. The
\nManager expressed optimism that the figure will\u00a0 soar after the metering
\nof customers.<\/p>\n
\nthe rules while the older ones are being re-oriented .He added that for a
\nseamless service delivery to the customers, one marketer was assigned to
\n900 customers as against the previous arrangement of one marketer to
\n1,500.<\/p>\n
\nhave paid for them, the Manager said none of such customers had been able
\nto provide documentary evidence that they paid for the meters.<\/p>\n
\nAkowonjo, Ikorodu and Abule-Egba, Messers Taofik Basanya,Lateef
\nOlaleye,Mohammed Abdullahi and Lawrence Okoye , said the privatization of
\nthe sector has not only improved the working conditions of staff but also
\nbrought about enhanced service delivery and revenue collection.<\/p>\n
\nNigeria (PHCN) before their employment by the IE, said privatization has
\nbrought in massive infrastructural\u00a0 upgrades, congenial work environment,
\nimproved staff welfare\u00a0 and prompt service delivery to customers.<\/p>\n
\nthe Business Units since the take-off of power privatization. He urged the
\nnew power companies to fulfil the covenants they signed with the
\ngovernment.<\/p>\n","protected":false},"excerpt":{"rendered":"