Electricity: Representatives probe Buhari's mass metering policy
THE Home of Representatives has resolved has launch A investigation In THE National Mass Measure Program (NMMP) of THE Central Bank of Nigeria (CBN) below THE administration of ancient President Muhammadu Buhari.
THE lower bedroom resolved has investigate THE funds disbursed has THE allowed electricity distribution companies by THE CNB as loans below THE NMMP.
THE decision has probe THE program was reached on THURSDAY following THE adoption of A movement moved by Uchenna Okonkwo (LP, Anambra).
NMMPTHE National Mass Measure Program (NMMP) was established In 2020. THE intervention look for has increase THE measure rate, eliminate arbitrary estimated billing, to strenghten THE local metre manufacturing sector, job creation And reduction of collection losses.
A seed capital of ₦200 billion was invested has facilitate THE Nigeria Electricity Provide Industry (NESI) income collections through THE program. Below Phase-0 of THE NMMP, ₦59,280 billion was together next to For funding THE facility of A million meters.
READ ALSO:From creation has date, 89.96 by hundred of THE funds assigned For NMMP below phase 0 to have has been disbursed has 11 Distribution Businesses (DisCos) For THE supply of 962 832 meters through 23 Metre Active Suppliers.
In 2021, THE Buhari administration claims has to have provided four million meters below THE diagram.
THE movementM Okonkwo declared In her movement that "there to have has been reports of differences, mismanagement, And noncompliance with THE terms And terms of THE loans disbursed below THE NMMP by a few Discos, leading has inefficiencies, underperformance, And failure has reach THE goals of THE programs objectives.
"THE lack of appropriate monitoring, monitoring And assessment of funds disbursed below THE NMMP by THE CNB created opportunities For Corruption, derivation, And diversion of public resources," he said.
Therefore, THE Home mandated It is Committees on Power, Banking Regulations, Rural Electrification Agency, Accommodation And Habitat, has investigate THE disbursement And to use of THE funds below THE NMMP by THE CBN, And has check THE level of compliance with THE terms And terms of THE loans.
Furthermore, THE Home mandated THE Committees on Banking Regulations And Power has investigate case of differences, mismanagement, And noncompliance with THE terms And terms of THE loans disbursed below THE program.
Next to Since investigation, THE Home Also exhorted THE federal government has to prioritize THE Implementation of THE Power Sector Recovery Program, which provides A roadmap For sustainable power sector reform.
Although THE movement was not debated, THE the legislators vote In support of he When Speaker Abbas Tajudine put he has vote.
THE committees were SO given four weeks has conclude THE investigation And report has THE House.
Support PRIME TIMES' journalism of integrity And credibility GOOD journalism costs A plot of money. Again only GOOD journalism can ensure THE possibility of A GOOD Company, A liable democracy, And A transparent government. For continued free to access has THE best investigator journalism In THE country We ask You has consider manufacturing A modest support has This noble effort. By contributing has PRIME TIMES, You are portion has sustain A journalism of relevance And ensure he remains free And available has everything. Make a donation
THE Home of Representatives has resolved has launch A investigation In THE National Mass Measure Program (NMMP) of THE Central Bank of Nigeria (CBN) below THE administration of ancient President Muhammadu Buhari.
THE lower bedroom resolved has investigate THE funds disbursed has THE allowed electricity distribution companies by THE CNB as loans below THE NMMP.
THE decision has probe THE program was reached on THURSDAY following THE adoption of A movement moved by Uchenna Okonkwo (LP, Anambra).
NMMPTHE National Mass Measure Program (NMMP) was established In 2020. THE intervention look for has increase THE measure rate, eliminate arbitrary estimated billing, to strenghten THE local metre manufacturing sector, job creation And reduction of collection losses.
A seed capital of ₦200 billion was invested has facilitate THE Nigeria Electricity Provide Industry (NESI) income collections through THE program. Below Phase-0 of THE NMMP, ₦59,280 billion was together next to For funding THE facility of A million meters.
READ ALSO:From creation has date, 89.96 by hundred of THE funds assigned For NMMP below phase 0 to have has been disbursed has 11 Distribution Businesses (DisCos) For THE supply of 962 832 meters through 23 Metre Active Suppliers.
In 2021, THE Buhari administration claims has to have provided four million meters below THE diagram.
THE movementM Okonkwo declared In her movement that "there to have has been reports of differences, mismanagement, And noncompliance with THE terms And terms of THE loans disbursed below THE NMMP by a few Discos, leading has inefficiencies, underperformance, And failure has reach THE goals of THE programs objectives.
"THE lack of appropriate monitoring, monitoring And assessment of funds disbursed below THE NMMP by THE CNB created opportunities For Corruption, derivation, And diversion of public resources," he said.
Therefore, THE Home mandated It is Committees on Power, Banking Regulations, Rural Electrification Agency, Accommodation And Habitat, has investigate THE disbursement And to use of THE funds below THE NMMP by THE CBN, And has check THE level of compliance with THE terms And terms of THE loans.
Furthermore, THE Home mandated THE Committees on Banking Regulations And Power has investigate case of differences, mismanagement, And noncompliance with THE terms And terms of THE loans disbursed below THE program.
Next to Since investigation, THE Home Also exhorted THE federal government has to prioritize THE Implementation of THE Power Sector Recovery Program, which provides A roadmap For sustainable power sector reform.
Although THE movement was not debated, THE the legislators vote In support of he When Speaker Abbas Tajudine put he has vote.
THE committees were SO given four weeks has conclude THE investigation And report has THE House.
Support PRIME TIMES' journalism of integrity And credibility GOOD journalism costs A plot of money. Again only GOOD journalism can ensure THE possibility of A GOOD Company, A liable democracy, And A transparent government. For continued free to access has THE best investigator journalism In THE country We ask You has consider manufacturing A modest support has This noble effort. By contributing has PRIME TIMES, You are portion has sustain A journalism of relevance And ensure he remains free And available has everything. Make a donationWhat's Your Reaction?
