Why IBEDC Is Not Meeting Targeted Monthly Revenue Estimate

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IBEDC Inaugurates New Transformers, Says It Generates N7 Billion Monthly |  OyoAffairs.net

 Olusola  Bello

Ibadan Electricity Distribution Company (IBEDC) has given reasons why it  is getting far less than it targeted monthly revenue estimated at about N7 billion from it franchise area.

The Chief Technical Officer of IBEDC, Akin Abiodun, gave  a hint in respect of this at the weekend during the inauguration of a new 2.5MVA, 33KV/11KV transformer at Owode Ibadan -Egba community in Obafemi-Owode Local Government area of Ogun, stated it is because the customers are always defaulting in the payment of their bills.

Abiodun, who said that out of the amount, a total of N2 billion was suppose to be coming  from the state,  he however, expressed  regret that Owode-Egba community was owing the company not less than N300 million.

The News Agency of Nigeria (NAN) reports that the inauguration of the transformer came after the community had suffered power outage for more than eight months.

NAN reports that youths in the community had, in January, protested the outage, lamenting that all their efforts at replacing the old transformer, which got burnt, had not yielded any result.

Speaking at the occasion, the lawmaker, representing Abeokuta North, Odeda and Obafemi Owode constituency in the House of Representatives, Olumide Osoba, appealed to people of the community to pay their electricity bills regularly to ensure quality service by IBEDC.

In his remarks, a community leader, Abdul-Fatai Soyoye, said that the installation of the new transformer would

 

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