THE Nigerian Electricity Regulatory Commission (NERC) has ruled out funding of Electricity Distribution Companies (DISCOs) beyond 2012. This is against the backdrop of calls on government to continue to fund the companies.
Sound as the reasons for calls for continued funding may appear, let us ask ourselves what the rational and motives behind such calls. If you as an individual offer to sell your car as “scrap” – so cheap, will you want to maintain the car or fund the additional repair works required to put it right? In the first instance, if you are prepared to do just that, you may as well keep it and fix the car for keep.
The buyers of the Discos have definitely prepared to milk Nigerians dry. Their intention is to continue to eat fat from Nigeria’s oil wealth in different avenues. The interesting thing is that they have for many years been eating fat from this same source for so long. The main weapon to check mate such would have been a proper technical and commercial evaluation of interested bidders in the appropriate stage of the selection process. Technical and Commercial evaluation criteria should be set ab-initio in such a manner that will preclude this barbaric idea of funding privatised entities. NERC will now claim that the evaluation was not done by them.
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