The Ibadan Electricity Distribution Company, IBEDC, has said it needs about N30 billion to procure pre-paid meters for electricity consumers in its area of business operation.
The chairman of the IBEDC, Tunde Ayeni, said this in his discussion with Governor Abdulfatah Ahmed of Kwara State and the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari, during an advocacy visit on planned tariff increase by the electricity company
He said the existing transaction between the company and the Bureau of Public Enterprise could not allow the company to source for huge funds from banks to buy meters for its consumers.
Gov. Ahmed, who said that public perception of the power company hasn’t changed, urged it to step up advocacy, particularly, in rural areas, to give the people a sense of belonging.
