01-22-2020, 04:43 PM
KEDCO loses over N52 billion
January 22, 2020
in Business
[/url]![[Image: KEDCO.jpg]](https://thenationonlineng.net/wp-content/uploads/2020/01/KEDCO.jpg)
[url=https://thenationonlineng.net/wp-content/uploads/2020/01/KEDCO.jpg]
Gwamna,who also lamented that billing system being used by the company has serious problems with the balance sheet and that is why the company has adopted three new methods of enhanced operational capability, customer experience and serious revenue drives.
January 22, 2020
in Business
[/url]
[url=https://thenationonlineng.net/wp-content/uploads/2020/01/KEDCO.jpg]
The Kano State Electricity Distribution Company (KEDCO) yesterday, lamented that it lost over N52billion revenue collection from energy supplied to it by the regulators last year.
Speaking while unveiling new Customer Strategy and Company award and Empowered Conference, the Managing Director of the company Alhaji Jamilu Isyaku Gwamna said KEDCO cannot meet its obligations with the serious problems facing them in revenue collection.
According to him, the electricity company did not find it easy in revenue collection last year as the company is said to have lost energy worth N52 billion supplied to it by the regulators.
Gwamna,who expressed disgust over the dwindling revenue collection last year, said: “our assumed collection stands at N4billion, and with this trend, we are yet to be there, we only realised N3billion in 2019, but l hope that in 2020 our revenue which target stands at N4billion, required the commitments of all the staffs in realising this objectives.”
He explained that the company has introduced several initiatives targeted at curtailing energy loss, enhance operational capability, and lack of staff commitments to company growth as well as revenue collection, which has slowed down the company in meeting its obligations.
One of the strategies adopted includes direct Tariff Monitoring, Feeder supervision and moves to ensure only revenue paying customers are provided with power to curtail lost and wastages.
According to him, the company will also roll out measures to improve customers relationship, ‘through getting their billing right, whereby all our 6,000 distribution transformers would be metered for accurate billings to make it easier for revenue collection.’
Gwamna,who also lamented that billing system being used by the company has serious problems with the balance sheet and that is why the company has adopted three new methods of enhanced operational capability, customer experience and serious revenue drives.