No fewer than five thousands electricity workers are on the brink of losing their jobs, if plans by the Federal Government to revisit the issue of privatisation of the sector in 2013, is anything to go by, BoldNews has learnt.

Also, included to have negative impacts on the sector, is the on-going issue of metering more than four million customers nationwide.

This happens, just as some of the power distribution firms began aggressive recovery of their debts, in order to shore up their liquidity level.

For instance, Igbogbo Undertaking Unit of Ikeja Electric, has be asked to recover N230 million owed in form of unpaid bills.

The government initiated the new metering plans in early 2018, with a view to reduce the metering problems and further remove the burdens of metering on the eleven power distribution companies (DisCos).

This is aside the planned revisitation of the sales of the sector in 2013, by the Federal Government, a development, which has generated a lot of controversy, in recent times.

Industry source, who does not want his name mentioned, said the issue of revisiting the sales of the power sector, an exercise, which was midwifed, by the Bureau of Public Enterprise (BPE) is germane to the sector.

The source added:” The body language of the Federal Government on the issue of revisiting the privatisation of the sector, suggests that it would definitely go ahead with the plans to re-examine the sales of the sector. 

 “And if that happens, the government would examine the terms and conditions, which led to the sales of the electricity assets to the investors. In the long run, many workers would be retrenched and new ones would be employed to replace them.” he said.

While x-raying the problems in the sector, the Managing Director, Power Cam Nigeria Limited, Mr Biodun Ogunleye, said the issues are wholesome and inter-related.

The operation of the sector, Ogunleye said, is fraught with liquidity and infrastructural problems.

He said the problems in the sector would be aggravated once the government concluded plans to revisit its sales to investors about seven years ago.

“Frankly speaking, thousands of people would lose their jobs, once 80 per cent of the populace have been given pre-paid meters.

“The unskilled ones, especially those that do disconnect light from poles, would lose their jobs, once everybody has meters. Both the skilled and unskilled workers are going to be affected by changes in the policies of the government,” he said.


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