Vice President Namadi Sambo yesterday expressed worry over the accumulation of huge debt in the power sector by companies in the country, saying the essence of government building the sector was to create jobs and provide constant electricity to Nigerians.
Speaking at the presidential villa while inaugurating a committee to address the widening gap in energy delivery to Transmission companies, as well as payment for such deliveries, Sambo said it was imperative to convene a meeting to address the issue of delay or non-payment for the electricity supplied by the distribution companies.
Accordingly, the vice president asked the companies to honour the contract it signed with the federal government, noting that non-payment for government investment on power may affect the smooth operation of the sector as government is paying for gas and other components to enable the sector to function adequately.
The technical committee set up by Sambo is meant to address the recurring issues and the centrality of Multi-year-tariff-order (myto) to resolving the issues.
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