AS part of its efforts to ensure optimal utilization of resources for the provision of electricity services, the Nigerian Electricity Regulatory Commission (NERC) on Tuesday, ordered the electricity distribution companies (DisCos) to transit into cashless collection of electricity bills. This is effective for industrial and commercial by 31st January 2020 and R3 residential customers by 31st March, 2020. The directive is contained in a document, uploaded on the commission’s website on Tuesday and jointly signed by its Chairman, James Momoh and Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye. This, according to the commission is jeered towards reducing collection leakages/losses and improve overall revenue assurance in the Nigerian Electricity Supply Industry(NESI). Also, it compelled them(DisCos) to take advantage of all available banking channels approved by the Central Bank of Nigeria(CBN) in complying with the directives.

Source: Nigerian Tribune December 31, 2019 18:45 UTC