The Minister of Power, Works and Housing Babatunde Fashola says the power to revoke licenses of non-performing electricity Distribution Companies, DISCOS is vested in the Nigerian Electricity Regulatory Commission, NERC.
Fashola said this in Abuja at the 2019 Punuka Annual Lecture with the theme: “Rethinking the Model for an Effective Nigerian Electricity Supply Industry, NESI: Challenges for Government and Industry”.
According to the Minister, the power not to renew or to cancel the license of non-performing DISCOS exists and it is vested in the regulator, NERC and not in the Minister.
He said that the regulator could on its own, upon complaints of consumer or a group of customers amend or cancel the license of a non-performing DISCO.
Fashola said that the powers of NERC to amend or cancel licenses is applicable to all licensed authorities, the transmission companies, generation companies, distribution companies and others under the Act.
