Lawmakers demand halt on bond to finance electricity shortfall

Lawan Hamidu, Abuja

The House of Representatives has called for a halt on the move to borrow over 300billlion Naira to finance the shortfall in the Nigerian electricity market.

Ministry of Power, Works and Housing through the Nigerian Electricity Regulatory Commission, NERC is planning to secure 309 billion Naira, about 1.5 billion U.S dollar to cover the 2015and 2016 market shortfall in the sector.

In a motion unanimously adopted at the plenary on Wednesday, members expressed concern that despite the 213billion Naira Intervention by the Central Bank of Nigeria, the shortfall continued to escalate.

The lawmakers charged the NERC to devise a monitoring mechanism to measure and enforce all the privatization agreements entered into by the successor companies for steady power in Nigeria.

Edward Pwajok, sponsor of the motions said “Distribution Companies, Discos, which collect revenues failed to remit in full to other market participants without any measures put in place by NERC to block the leakages and there are no sanctions/penalties for defaulters.”

Meanwhile the House has enjoined Nigerians to adopt orphanage children at various Internally Displaced Persons, IDPs camps across the country to save their future.

The lawmakers also called on the Nigerian government to locate and reunite orphanage children in IDPs camps with their relatives.

The House equally urged the government to send children who do not have relatives to orphanage homes and take up the expenses for their upkeep.

Sponsor of the motion, Rep Asabe Vilita Bashir said “Doing that will save the future of the orphans whose fates remains hanging as they can neither identify neither their relatives nor their communities. The orphans, especially those who don’t know the community they come from and don’t have relative to take care of them will have no place to return when IDPs are resettled.”

Confidence O.