Minister of Power, Prof. Chinedu Nebo, Monday confirmed a sharp drop in nationwide electricity supply which has led to longer blackout period in homes and offices. He, however, warned that the federal government would not tolerate flimsy excuses for the deterioration in services.
The minister also said government could not continue to fund the capital expenditures of the five generation and 11 distribution companies of the Power Holding Company of Nigeria (PHCN) given the phase of reform in the sector. But he added that the non-funding of the capital expenditures of the PHCN companies should not lead to a drop in efficiency in the sector.
Nebo, responding to THISDAY exclusive report, published Monday on worsening electricity supply due to various reasons, including paucity of funds for the PHCN companies, explained that such claims of paucity of funds by the generation and distribution companies would not be tolerated as excuses for deterioration in services.