JOS DISCO UNVEILS NEW PARTNERS, INVEST IN NETWORK
To enhance efficiency in its operations, the Board of Directors of Jos Electricity Distribution Plc has promised to make more investments in the company’s network.
Also, a new partner – GRM has been brought on board to help in the reduction of the company’s ATC & C losses.
This disclosure was made during the unveiling of the new business partner – GRM to the Management and staff of the company at the corporate headquarters in Jos last Thursday, (21/02/2024).
The Chairman of the Board of Directors, Alhaji Ibrahim Sani Bello who made the disclosure said that the investment has become necessary to move the company forward.
According to him, without the necessary investments in the network, the achievability of the ATC and C reduction would be a mirage.
He explained that the company currently loses not less than five billion naira every month stressing that the Board of Directors has directed that the ugly trend be halted and reversed immediately.
He disclosed further that, “NERC has brought out a new order and the implication of this is that even the salary that you are enjoying today may become a mirage if you do not work assiduously to reverse the ugly trend”.
To stem the tide, the Board chairman called for concerted efforts and strategy that could galvanise the company to success.
“Please, endeavour to redouble your efforts towards the realization of the N5Bn. You have the capabilities. You have the capacities. The Board is willing to support you and therefore, you should take advantage of the Board gesture to do the needful “, he said.
He disclosed that “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”.
Earlier, in his remarks, the Chief Operating Officer, Alhaji Mamanlafia Umar who stood in for the Managing Director, Engr Abdu Bello Mohammed thanked the Board for their support in administering the company.
He said that the Management and staff of the company were poised to move the company forward from its current quagmire.
