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Published On: Tue, Jan 21st, 2020

We lost N52 billion revenue to customers in 2019- KEDCO

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From Mustapha Adamu, Kano

The Kano Electricity Distribution Company (KEDCO) has lamented that it had lost the whopping N52 billion worth of energy sold to customers in its franchise area of Kano, Katsina and Jigawa States in 2019.
The company’s Managing Director, Kano Alhaji Jamilu Gwamna reveled this in Kano while unveiling the new Customer Strategy and Company award and Empowered Conference, yesterday.
According to him, the company has to rise up and source money to pay the revenues mandated by Transmission Company of Nigeria (TCN) by ensuring that people who pay their bills are the one to get the electricity supply.
Gwamna noted that this is the only way KEDCO could meet its revenue obligation and be able to sustain the services rendered to its numerous customers.
The Managing dlDirector noted that the firm had introduced several measures to curtail energy loss and lack of staff commitments to company growth as well as revenue collection.
He added that such challenges led to the slowdown of the company in meeting its obligations.
“One of the strategies adopted include direct tariff monitoring, feeder supervision and also moves to ensure only revenue paying customers are provided with power to avoid lost and wastages,” he said.
The KEDCO boss expressed concern over the billing system being used by the company as it has serious problems with the balance sheet.
“That is why the company has adopted three new methods of enhanced operational capability, customer experience and serious revenue drives.
“Although, I should commend you all the staff on the 2019 performance which was so far the best by collecting N3billion revenue.
“But you should know that we are not yet there, because we need a projected N4 billion monthly revenue,” he charged.
He explained that the company’s efficiency is now hovering between 80 to 89 percent after starting at 56 percent.
“We should do all we could to improve on that, you can also see that our loss was 56 percent, now beginning of this year we have seen the ratio falling to 36 per cent, this is a good news that should be sustained,” he encouraged the workers.
The MD therefore assured that all houses in KEDCO’s franchise area would be metered, aimed at curtailing the problem of revenue loss.

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