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Frequent Grid Collapses Impacting Revenue and Business Operations, Says JEDC

info@dailymailngr.com by info@dailymailngr.com
October 26, 2024
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The Jos Electricity Distribution Company (JEDC) has voiced concerns over the frequent collapses of Nigeria’s national power grid, which is significantly affecting the operations and revenue of Distribution Companies (DISCOs) across the country.

Dr. Elijah Adakole, Head of Corporate Communications at JEDC, noted in an interview with the News Agency of Nigeria on Saturday that power disruptions are severely hampering JEDC’s revenue generation. “The unavailability of power means there’s nothing to distribute, leading to zero revenue collection and substantial financial losses,” Adakole explained. With most JEDC customers on pre-paid meters, they only pay for actual consumption, so grid failures directly impact cash flow.

“The recurring grid collapse has a devastating impact on the economy, affecting businesses at both macro and micro levels,” Adakole added, urging the Federal Government to implement long-term solutions to stabilize power supply.

Local business owners echoed JEDC’s concerns. Civil society activist Steve Aluko highlighted the broader economic consequences of grid failures, while business operators like Samson Benson, a welder, described the strain on his finances as he is forced to rely on costly diesel generators. “Most of the profit I would have made went toward buying diesel, yet I couldn’t meet my clients’ schedules,” Benson said, calling on the government to address the power instability.

Similarly, Alice Dung, a salon owner, reported that the lack of electricity was severely impacting her ability to provide services, underscoring the toll on small businesses dependent on reliable power. Both business owners appealed for government intervention to address the persistent grid challenges, which are crippling operations across sectors.

Tags: Business operationGrid collapseRevenue
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