FG To Ensure Stability Of Liquidity In Power Sector

Yemisi Izuora

Power, Works, and Housing minister, Babatunde Fashola, has restated Federal Government commitment to formulating policies that will help address the liquidity issues in the power sector.

The minister who gave the assurance in a communiqué issued at the end of power sector operators meeting in Osogbo said one of such government policies was the Power Sector Payment Assurance Guarantee, designed to ensure the payment of services rendered by the electricity generating companies in the country.

Fashola assured that the policy will ultimately bring about the stability of liquidity in the sector.

He said it was important that all stakeholders remained committed to their various roles of supplying and distributing power to ensure the effectiveness of the sector.

The minister explained that the purpose of the Nigerian Electricity Supply Industry (NESI) was to ensure that citizens had access to safe and reliable power.

On his part, the governor of Osun state, Rauf Aregbesola, acknowledged the gradual improvement of electricity supply, especially in the state.

He said that the importance of the Power Sector Recovery Plan was critical to ensuring accountability for losses, improvement of customer service, customer accessibility, safety, and performance in the sector.

Aregbesola urged electricity customers to play their role in the success of the industry through the timely payment of bills.

He said it was important to end vandalism of power assets, and the constant assault on electricity workers

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