Fashola insists operators must account for every loss in power sector

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The Minister of Power, Works and Housing, Mr. Babatunde Fashola, at the just concluded 14th edition of the monthly meeting of power sector operators in Oshogbo, Osun state, stated that culpable operators in the country’s power sector must be held responsible for recorded losses incurred by the market, ThisDay reports.

He stated: “Whether it be in government, whether it be in the private sector; we will track every loss and we will apportion it at every door and we expect that those losses will be accounted for. So, this is the time for everyone to sit up, to close up and be ready to assume his own role or ship out of the sector.”

He also asked the Nigerian Electricity Regulatory Commission (NERC) to proactively enforce sanctions against any of the operators or stakeholders found guilty of contributing to the operational losses recorded by the market. He said that with the board of commissioners for the NERC fully in place, they have demonstrated that that they know why the government appointed them, to deliver on the mandate given to them by law.

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