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Gas pricing remains a major issue in the performance of Gencos, Discos—BPE

The Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has observed that gas pricing was a major issue in the electricity distribution chain, as most of the generating plants in the country were gas fired and the price of gas indexed on the U.S. dollar while collection was in Naira, a the situation that has created a gap in liquidity due to the exchange rate.

Explaining issues during a visit with members of the House of Representatives Committee on Privatisation, on an oversight visit to the Jos Electricity Distribution Company (JED), he maintained that the Bureau and all stakeholders; including the Nigeria Electricity Regulatory Commission (NERC), and the National Assembly had the capacity to change the scenario, but that a lot depended on the National Assembly to ensure that the EPSR Act was adhered to.

Responding to issues raised during the visit, the Managing Director of JED, Tukur Modibbo, expressed optimism that things would improve in the sector and said that constant interaction with relevant stakeholders in the sector would provide a clearer understanding of issues.

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