The House of Representatives has called for a comprehensive reform of Nigeria's electricity distribution companies (DISCOs), proposing a ₦500 billion recapitalization plan.
This initiative aims to ensure that only financially stable companies operate, thereby enhancing service delivery to consumers.
The House has also mandated its Committee on Power to investigate the activities of DISCOs to hold them accountable and safeguard consumer rights. It further urged the Federal Ministry of Power to address the actions of DISCOs, which are alleged to threaten the country's economic stability, while educating consumers on their rights and grievance redress mechanisms.
These resolutions followed a motion presented by Ibrahim Isiaka during a plenary session in Abuja.
In his motion, Isiaka highlighted allegations that DISCOs compel electricity consumers to pay for meter replacements under dubious pretenses, despite consumers having previously financed the installation of these meters.
He argued that the activities of DISCOs negatively impact the nation's economic stability and strain households and businesses already grappling with financial challenges.
"Consumers are being coerced into paying for meters they have already financed, causing significant financial strain," Isiaka stated.
He also expressed concern over DISCOs' alleged disregard for consumer rights, despite regulatory oversight and demands for accountability from the Committee on Power.
Isiaka urged the House to address these injustices against electricity consumers and prioritize the welfare of constituents.
The Committee on Power is expected to present its findings within four weeks for further legislative action.
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