The Head of Corporate Communications, at Jos Electricity Distribution Company, Dr Elijah Adakole, has said that the reoccurring national power grid collapse affects Distribution Companies’ revenue generation.
Adakole, said this in an interview with the News Agency of Nigeria, on Saturday in Jos.
For instance, he explained that most of JElDC’s customers were on the company’s pre-paid metering system, which meant they would only pay for energy consumed.
He, therefore, noted that the unavailability of power to distribute to consumers would invariably lead to zero revenue collection, a situation that would lead to serious financial losses.
Adakole said, “The incessant collapse of the grid also has a devastating impact on the economy as most businesses are dependent on electricity at both the macro and micro levels.”
He called on the Federal Government, to seek…