4 hours ago
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IBEDC
LAGOS – Ibadan Electricity Distribution Company (IBEDC) has implored the University of Ibadan Teaching Hospital,UCH to settle its outstanding debt to enable it enjoy uninterrupted power supply.
The power company had disconnected the teaching hospital on account of its N400million unpaid electricity debt.
The power company said in a statement on Wednesday that it’s expected to meet 100% of its market obligations, and the outstanding debt from major customers like UCH directly contributes to the liquidity crisis within Nigeria’s power sector.
Expressing sympathy for the hospital’s situation but confirmed that the disconnection was due to UCH’s significant outstanding debt, the company said it was compelled to take this course of action as it faced increasing pressure to meet our financial obligations to the market.
It reiterated its commitment to working with UCH and remains open to discussions on a flexible payment arrangement that could be mutually agreed upon by both parties.
It added: BEDC continues to advocate for timely payments from all customers, stressing that a stable and reliable power supply is dependent on the financial health of the sector. The company called on UCH and all other customers to settle their arrears to help resolve the ongoing challenges facing Nigeria’s electricity distribution system”.
