The Nigeria Employers' Consultative Association (NECA) has called on the federal government to take immediate action in settling the substantial electricity debts accumulated by military establishments across the country. This appeal underscores the pressing need for financial discipline and the sustainability of the nation's power sector.
According to NECA, the military's unpaid electricity bills have reached alarming levels, posing a threat to the financial stability of electricity distribution companies (DisCos) and the overall efficiency of power supply services. The association emphasizes that prompt payment of these debts is essential to maintain the integrity of the electricity supply chain and to encourage further investments in the sector.
The outstanding debts have reportedly led to strained relationships between the DisCos and military institutions, with some DisCos expressing difficulties in managing operations due to reduced revenue inflows. This situation, if left unaddressed, could result in service disruptions, affecting both military and civilian consumers.
NECA's Director-General highlighted the broader implications of the debt issue, stating that "financial obligations must be met by all consumers, including government entities, to ensure the sustainability of the power sector." He further called for collaborative efforts between the government and stakeholders to develop a feasible repayment plan that would alleviate the financial burden on DisCos while ensuring uninterrupted power supply to military facilities.
In response, government officials have acknowledged the debt situation and assured that measures are being considered to address the issue. They reiterated the administration's commitment to supporting the power sector and ensuring that all government agencies fulfill their financial responsibilities promptly.