Ikeja electric hails privatization, says it now generates billions

Source: pointblanknews.com

The Ikeja Electricity Company has commended Federal power privatization

programme, saying it has enable them to generate billions naira profit.

The managers of the six Business Units of the electricity company

disclosed this during their separate interactions with a team from the

Post Privatization Department of the Bureau of Public Enterprises (BPE)

which the monitoring of power companies in the Lagos axis of the country.

It could be recalled that privatization exercise of the power sector

started in the in the six units of the electricity company.

The Manager of Ikeja Business Unit, Mr. Christopher Lawal, told the BPE

team, led by a Deputy Director in the Bureau, Ignatius Ayewoh, that

because of the benefits of privatization, leakages have been blocked and

the Unit generates N1.1bn monthly compared to the N400,000 in the

pre-privatization period.
He said the unit has installed 1,200 meters customers, adding that

Guinness/Harp is its highest paid customer paying N26-N27million monthly.

Lawal said the Unit has 28 injection stations and supplies its customers

with 80-100 megawatts of electricity but planned to up to 250 megawatts to

meet the required demand of 376 megawatts.
At the Oshodi Business Unit, the Manager, Mr. Sunday Oyewale said the Unit

collects N1.211bn monthly, compared to N602 million in the

pre-privatization period.
He said because of the improvement in services, 134,000 customers were now

on its network compared to 128,000 in the pre-privatization period. The

Manager expressed optimism that the figure will  soar after the metering

of customers.
According to him, following privatization, customers have begun to  follow

the rules while the older ones are being re-oriented .He added that for a

seamless service delivery to the customers, one marketer was assigned to

900 customers as against the previous arrangement of one marketer to

On the complaints of non-provision of meters to customers who purport to

have paid for them, the Manager said none of such customers had been able

to provide documentary evidence that they paid for the meters.

In their separate encounter with the team, Business Managers for Shomolu,

Akowonjo, Ikorodu and Abule-Egba, Messers Taofik Basanya,Lateef

Olaleye,Mohammed Abdullahi and Lawrence Okoye , said the privatization of

the sector has not only improved the working conditions of staff but also

brought about enhanced service delivery and revenue collection.

The Managers, who were staff of the defunct Power Holding Company of

Nigeria (PHCN) before their employment by the IE, said privatization has

brought in massive infrastructural  upgrades, congenial work environment,

improved staff welfare  and prompt service delivery to customers.

The BPE team leader, Mr. Ignatius Ayewoh commended the strides recorded by

the Business Units since the take-off of power privatization. He urged the

new power companies to fulfil the covenants they signed with the

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