• About
  • Privacy Policy
  • Contact
Friday, October 3, 2025
No Result
View All Result
NEWSLETTER
Diplomatic Info
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
No Result
View All Result
Diplomatic Info
No Result
View All Result
Home ECOWAS Nigeria

CARE demands reinstatement of NERC forums, says Ikeja Electric, KEPCO in financial distress

Months after regulatory powers were transferred to the states, complaint frameworks were established, according to CARE

by Diplomatic Info
October 2, 2025
in Nigeria
0
CARE demands reinstatement of NERC forums, says Ikeja Electric, KEPCO in financial distress
0
SHARES
1
VIEWS
Facebook ShareShare on WhatsAppTweet it!

As Nigeria celebrates its 65th independence anniversary, the Coalition for Affordable and Regular Electricity has urged the immediate reinstatement of Nigerian Electricity Regulatory Commission forums.

The coalition stated that the forums should remain in place until state regulatory bodies are fully operational and capable of providing effective consumer protection systems.

Speaking on Thursday in Lagos, CARE’s national coordinator, Chinedu Bosah, condemned the closure of NERC’s forums without adequate state-level replacements.

“The closure has left millions of electricity consumers stranded and vulnerable to exploitation,” Mr Bosah warned.

He explained that more than seven months after regulatory powers were transferred to states, bodies such as the Lagos State Electricity Regulatory Commission have not established functional complaint frameworks.

Mr Bosah stressed that the power sector needs massive public investment and democratic oversight, not further privatisation.

“The private sector is financially and technically too weak to develop the power sector,” he said. “Their profit motives cannot deliver affordable and reliable power. Continuing privatisation is suicidal. CARE demands an end to privatisation, renationalisation of critical assets, and inclusion of workers, experts, and consumers in sector management.”

Mr Bosah said only a public-interest programme could guarantee an affordable and regular power supply for Nigerians.

He decried Nigeria’s poor power performance after 65 years of independence, calling it a “shameful outcome” of mismanagement and underfunding.

“Nigeria generates only 5,500 megawatts for over 220 million people, despite an installed capacity of 14,000 MW,” Mr Bosah noted.

He observed that transmission and distribution systems remain in disrepair, with little prospect for improvement under current conditions. Privatisation, he said, had worsened the situation since 2013, when the sector was broken into 15 companies — 11 distribution and four generation firms.

“At least six companies are under financial distress, including Ikeja Electric and KEPCO,” Mr Bosah disclosed.

He noted that many firms purchased power assets with loans but failed to invest in infrastructure or repay their debts, instead relying on bailouts and tariff hikes.

“Instead of revitalising the sector, privatisation has trapped it in debt and inefficiency. The private model has failed,” he said.

According to CARE, over 6.5 million households remain unmetered, exposing them to arbitrary billing, while over 90 million Nigerians still lack access to the national grid.

“This is not just a policy failure, but an economic injustice. Electricity must be treated as a basic right, not a tool of exploitation,” he said.

He also criticised the close ties between NERC and private companies, claiming consumer protection has been deliberately weakened.

“The regulatory framework that once gave consumers a voice has been dismantled. Today, private operators are pampered at people’s expense,” he said.

Bosah said the constitutional amendment transferring regulation to states has worsened matters, citing Lagos State as an example.

“Lagos lacks an effective regulatory framework. LASERC is uncoordinated, and without NERC forums, DisCos exploit consumers with unfair tariffs and policies,” he said.

CARE therefore urged the Federal Government and NERC to restore consumer protection and dispute resolution mechanisms temporarily until states are ready for effective regulation.

“Without proper oversight and public investment, stable electricity for Nigerians will remain elusive,” Mr Bosah said.

(NAN)

Diplomatic Info

Diplomatic Info

Next Post
Good news military on victory path against bandits, terrorists: Nigerian Army

Alleged terrorists killed, weapons recovered in Taraba: Army

Recommended

Ukrainian president arrives in Japan to meet G-7 leaders

Ukrainian president arrives in Japan to meet G-7 leaders

2 years ago
Level 4 lockdown with total alcohol ban, school closures on the cards

Level 4 lockdown with total alcohol ban, school closures on the cards

4 years ago

Popular News

  • Buhari arrives Washington for U.S.-Africa leaders summit

    Buhari arrives Washington for U.S.-Africa leaders summit

    0 shares
    Share 0 Tweet 0
  • Court remands Lagosian for allegedly defiling his three daughters

    0 shares
    Share 0 Tweet 0
  • Angola has deployed troops in DR Congo to fight M23 rebels

    0 shares
    Share 0 Tweet 0
  • I snubbed governors Tinubu sent to beg me after election; I’ll not stop fighting until Supreme Court rules: Atiku Abubakar

    0 shares
    Share 0 Tweet 0
  • After two years of SEC denial, Oando can finally hold AGM

    0 shares
    Share 0 Tweet 0

Connect with us on Facebook

Subscribe to Our Newsletter

Enter your email now to join our community of readers, and get new contents straight to your inbox

We promise to not spam you

Thanks for joining in.

Category

  • Africa
  • Benin
  • Burkina Faso
  • Business
  • Cote D'Ivoire
  • Cover Story
  • Diplomacy
  • ECOWAS
  • Education
  • Embassy News and Info
  • Events
  • Ghana
  • Guinea
  • Guinea Bissau
  • International
  • Liberia
  • Mali
  • News
  • Niger
  • Nigeria
  • Politics
  • Programs
  • Security
  • Senegal
  • Sierra Leone
  • The Gambia
  • Togo
  • Uncategorized

Quick Links

  • About
  • Contact
  • Privacy Policy
  • Advertise

About Us

Providing strategic insights into important social, cultural, political, and economic factors that significantly influence business and nations, Diplomatic Info will examine these critical issues and provide strategies that create competitive advantages.

© 2023 Diplomatic Info - Built with Love by Creovantage.

No Result
View All Result
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Business
  • Politics
  • Security
  • News
  • Cover Story
  • Africa
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • The Gambia
    • Cote D’Ivoire
    • Ghana
    • Cabo Verde
    • Benin
    • Burkina Faso
  • International
  • Contact

© 2023 Diplomatic Info - Built with Love by Creovantage.