By Chijioke Kingsley
Abuja (Sundiata Post) -The Jos Electricity Distribution Company (JED) has revealed that the loss of N5 billion every month was due to lack of upgrading its equipment like replacing burnt transformers, cables and also upgrading the existing ones.
The company said investing regularly on its network will boost efficiency of service to it teaming customers, thereby reduce revenue loses
The electricity giant also said to deepen the maintenance of these services and to minimize collection losses, it has also incorporated a new partner known as GRM, a company that thrives only in energy business.
“Also, a new partner – GRM has been brought on board to help in the reduction of the company’s Aggregate Technical Commercial (ATC) and Collection losses”, Spokesman for the JED, Dr Friday Elijah said in a statement sent to our correspondent in Jos on Friday.
“The company is currently losing nothing less than N5 billion naira every month and the Board of Directors have directed that the ugly trend must be halted and reversed immediately”, The Chairman of the Board of Directors, Alhaji Ibrahim Bello said.
He continued: “If this loss continues, the company might one day not be able to pay salaries. So we must wake up, invest more in our network. This is why we have brought GRM on board so we can work as partners to maintain steady growth.
“Please, endeavor to redouble your efforts towards the realization of the N5Bn. You have the capabilities. You have the capacity. The Board is willing to support you and therefore, you should take advantage of the Board gesture to do the needful.
“Sooner or later, all the Regions would be made a quasi-company of its own as they will be operating as a company within a company”, Bello warned.
Earlier, in his remarks, the Chief Operating Officer, Alhaji Mamanlafia Umar who spoke on behalf of the Managing Director (JED), Engr Abdu Mohammed thanked the Board for their support.
He said that the Management and staff of the company were poised to move the company forward from its current quagmire.