Reps ask Tinubu to declare DISCOs non-state actors

• Demand recapitalization

By Christiana Ekpa

The House of Representatives has urged the Federal Government through the Ministry of Power to declare Distribution Companies (DISCOs) in Nigeria as non-state actors.
It urged that immediate measures be taken to address “their reckless actions, threatening the nation’s economy.”
The House also urged the DISCOs to undergo recapitalization of not less than 500 billion Naira.
It said only those with the required financial muzzles that can provide maximum satisfaction to consumers should be allowed to continue to operate.
The House mandated the Committee on Power to investigate the activities of the DISCOs with the intent of holding them accountable and safeguarding consumer rights.
The Committee is also to examine the implementation of the stricter regulations governing the operations of DISCOs, to ensure transparency and fairness in dealings with Consumers;
These resolutions followed the adoption of a motion titled, “Need to Address to Activities of Distribution Companies (DISCOS) in Nigeria” moved by Hon. Ibrahim Ayokunle Isiaka.
The House noted 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.
It also noted that Nigerian consumers paid for electricity meters installation, but DISCOs are demanding additional payments for replacement of these metres under dubious pretenses, undermining consumer trust and exacerbating financial burdens.
The House 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 challenges.
It 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.
The House was 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
It recognised that the DISCOs’ actions pose a significant threat to Nigeria’s economic stability and welfare of citizens.