The House of Representatives has issued a stern directive to electricity distribution companies (DisCos), urging them to increase their investment in Nigeria’s power sector to N500 billion or risk being replaced.
This resolution followed deliberations during a plenary session on Wednesday, where lawmakers expressed dissatisfaction with the performance of DisCos across the country.
The House argued that inadequate investment by the DisCos has contributed to persistent power outages and poor electricity supply, hindering national development and economic growth.
The lawmakers emphasized that improving the power sector requires significant financial commitment, which they believe the DisCos have failed to meet.
The House called on the Nigerian Electricity Regulatory Commission (NERC) to strictly enforce this directive and explore alternative measures to ensure Nigerians have access to reliable electricity if the DisCos fail to comply.
This move underscores the growing frustration among policymakers over the slow progress in reforming Nigeria’s power sector, which remains a critical driver of the country’s development.
