Ibadan businessman and publisher of The Street Journal magazine, Mogaji Arisekola, has urged President Bola Tinubu to dissolve Electricity Distribution Company (DisCos) managements.
He urged the Federal Government to reverse privatisation of the power sector, describing current owners as selfish individuals who contributed poorly to the sector in the 11 years of their existence. Arisekola, a public affairs analyst and national chairman of Association of Online Media Practitioners in Nigeria, (AMPCON), accused the owners of deceiving the Federal Government in their policy implementations and strategies.
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He claimed the activities of the owners were part of the reasons the power sector has gone comatose and the impoverishment of Nigerians.
Arisekola spoke with reporters in Lagos, in the company of members and executives of AMPCON.
He said Nigeria cannot continue indulging a few individuals who offer darkness. “This is unacceptable and must be stopped. All Discos’ management should be dissolved to usher in new investors. None of the Discos have invested in repairing old, depleted equipment from the NEPA era. They rely on subsidies and profit from the limited power they distribute to consumers. New investors must demonstrate capacity to invest in providing transformers, repairing old, dead-tension wires, and ensuring efficient distribution. While generation is no longer the issue, distribution and transmission must be addressed.
