IBEDC boss says poor funding, low tariff banes of power sector

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Mr. Dele Ayodele, the deputy managing director, Ibadan Electricity Distribution Company (IBEDC) on Thursday identified poor funding and low tariff charged by Distribution Companies (DISCOs) as the bane of irregularities in the power sector, The Sun reports.

Ayodele, who spoke to the News Agency of Nigeria (NAN) in Lagos, said that due to the lack of a cost-reflective tariff in the sector, funding has become a problem.

He alleged that some consumers want electricity supply for free, adding that the DISCOs were selling electricity to consumers at a loss. “If DISCOs have to make any reasonable profit, there should be a cost-reflective tariff,” he said.