The Federal Government (FG) is set to introduce performance scorecards for operators across Nigeria’s electricity value chain, with underperforming distribution and generation companies (DisCos and GenCos) to face sanctions while high-performing operators will be rewarded.
Meanwhile, Nigerians spent an estimated N16.5 trillion on self-generated electricity in 2023, compared with about N1 trillion in revenue generated by the national grid, underscoring the enormous economic cost of Nigeria’s unreliable power supply.
The Minister of Power, Joseph Olasunkanmi Tegbe, disclosed this in a policy brief presented by his Special Adviser, Martins Olajide, at the Nigerian Economic Summit Group (NESG) Industrialisation and Competitiveness Forum on Wednesday.
Tegbe said the ministry would introduce performance scorecards for power sector personnel, DisCos and GenCos as part of efforts to strengthen accountability and enforce clear performance standards across the electricity value chain.
According to him, the framework will reward excellence and penalise underperformance, thereby restoring discipline and improving service delivery in the sector.
