Reps call for recapitalisation of DisCos to enhance operations

The House of Representatives on Wednesday resolved that the Distributions Companies, Discos, should immediately undergo recapitalisation of not less than 500 billion Naira and that only those with the required financial muzzles that could provide maximum satisfaction to consumers were allowed the space to continue to operate.

The House also urged the Federal Ministry of Power to declare Discos as non-state actors and take immediate measures to address their reckless actions, threatening the nation’s economy.

In addition, the House mandated the Committee on Power to investigate the activities of the Distribution Companies in Nigeria, with the intent to hold them accountable and safeguard consumer rights.

The Committee was also directed to examine the implementation of the stricter regulations governing the operations of Discos to ensure transparency and fairness in dealings with Consumers.

The resolutions were passed at the plenary presided over by Speaker Tajudeen Abbas following the adoption of a motion titled “Need to Address Activities of Distribution Companies (DisCos) in Nigeria”: by Hon. Ibrahim Ayokunle Isiaka (APC-Ogun State)

While moving the motion, the Lawmaker said that the ” Notes that the activities of Distribution Companies (DISCOS) in the country and their recent actions, which is posing a threat to economic stability and welfare of the Nigerian populace;

According to him, “the House also notes that Nigerian consumers paid for electricity meters installation, but Discos is demanding additional payments for replacement of these metres under dubious pretences, undermining consumer trust and exacerbating financial burdens.

“Worried that Consumers are being coerced into paying for meters which they have earlier financed, causing financial strain on households and businesses already facing economic challenge

“I am also worried about the sabotage of economic development by Discos, where essential services are used against citizens intended to serve, thereby stifling growth and development.

“Concerned that despite constant regulatory oversight and demand for accountability by the Committee on Power from these companies, Discos remained recalcitrant in operating with impunity and disregard for consumer rights; recognises that the Discos’ actions pose a significant threat to Nigeria’s economic stability and welfare of citizens.

“Cognisant of the need to stand against injustices and prioritises constituents’ needs and rights.

He also prayed for the activation of public awareness campaigns and initiatives to educate consumers about their rights and the proper channels for addressing grievances related to electricity services.

When the motion was put into voice vote, it was unanimously supported by members, and the Speaker referred it to the House Committee on Power for further legislative action and to report within four weeks.

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