The Nigerian Senate has called on the Federal Government (FG) to immediately stop using public funds to enrich Discos (electricity distribution companies). The lawmakers expressed deep concerns over the continued allocation of government resources to privately-owned Discos despite their failure to deliver efficient electricity services across the country.
During a recent plenary session, the Senate emphasized that Discos were privatized to operate independently and profitably without relying on public funds. However, years after the privatization exercise, the government continues to inject billions of naira into the power sector. Particularly to bail out Discos, which have not shown any significant improvement in electricity supply or service delivery.
According to the Senate, this financial dependency contradicts the essence of privatization. And places an unnecessary burden on taxpayers. Senators insisted that the FG must rethink its approach. And implement a more sustainable power sector reform that holds Discos accountable for their performance and obligations.
In addition, the lawmakers urged regulatory agencies. Such as the Nigerian Electricity Regulatory Commission (NERC) to intensify monitoring and ensure that Discos meet the required standards. They also highlighted the need for more transparency in the utilization of public funds allocated to the energy sector.
This renewed call from the Senate reflects growing public frustration over persistent power outages and poor services despite massive government support. As Nigerians continue to demand better electricity access, the Senate’s position could mark a turning point in the government’s power policy.
Ultimately, stakeholders believe that cutting off public funding to Discos. Will compel them to operate more efficiently and invest in infrastructure improvements. Moving forward, the FG is expected to reconsider its financial strategy in the power sector. And also prioritize policies that truly benefit the Nigerian people.
