Oduntan made this known on Wednesday in Abeokuta at a stakeholders forum organised by the Ogun House of Assembly.
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ANED, in a statement by its Executive Director, Sunny Oduntan, also appealed to the government to inject funds into the transmission section of the sector
The ANED Executive Director, Research and Advocacy, Sunday Oduntan, said on Sunday in Lagos that the fund was a partial solution to the sector’s liquidity challenges
The Federal Government through the Central Bank of Nigeria and the Bankers Committee in 2014 announced a N213 billion Nigerian Electricity Market Stabilisation Facility for the power sector
He said that due to the delay in the implementation of Multi Year Tariff Order covering from December 2013 to February 2016, the DISCOs recorded a N12.8 billion shortfall
Oduntan said that the sector had a huge liquidity gap, which was being bridged by Federal Government’s intervention in the form of bond, adding that electricity consumers no longer show willingness to pay bills
Oduntan said paramilitary owed Abuja Electricity Distribution Company, N 7.7 billion; Benin Electricity Distribution Company, N3.4 billion; Eko Distribution Company, N4.8 billion; and Enugu Electricity Distribution Company, N2.2 billion