KEDCO Revenue Hits Record N3bn Despite Challenges
Despite its disagreement with a regulatory body over debt issues, the Kano Electricity Distribution Company (KEDCO), has steadily improved its services and revenue collection in 2019.
PRNigeria gathered that from the revenue collection of N2,312,705,933.20 in September, it steadily increased to N2,490,391,185.09 in October and N3,024,202,525.51 in November 2019 respectively.
Speaking on the positive revenue profile, the Managing Director, Mr. Jamilu Gwamna, commended the hardworking management and staff of the company for their diligence and perseverance in ensuring quality services to the consumers.
He also praised the role of marketing and public relations campaigns on quality service towards enhanced revenue generation at end of the year 2019.
Gwamna explained that KEDCO was able to meet some its obligations towards the end of the year adding that the company did not find it easy in their revenue collection in 2019.
“When we assumed office, we started with revenue generation of N1bn, later moved to N2bn and now N3bn. Our target is N4bn, we are almost there, but we have to be consistent in generating N4bn before we could beat our chest and say that we get there.
“And unless we put more effort we cannot get there. Electricity is not a social service; hence, people have to pay for it. To achieve that, we have to adopt three new methods of revenue generation. Our target is N4bn; therefore, we must adopt devices of improving on our revenue collection in order to generate this amount from our customers.
“We have to also enhance our operational capability. In other words, we have to make our job easier by identifying our challenges and addressing them in batches. Over time, we have been resolving these problems one after the other and we will continue on this until we address them all. “We will also try to enhance the confidence of our customers in us by improving the services we render to them in the year 2020. We have to work hard to ensure that our customers get the services they paid for,” he said.
He added that in its efforts to addressing the problem of energy loss, the company had introduced some measures that help in tapping the unpaid revenue for proper utilization, saying that the company had resolved to set revenue target for the chiefs, regional managers and heads of departments.
“We will also improve on the implementation of economic dispatch; which means supplying electricity only to customers that are paying. Our hope is to ensure that within the 1st and 2nd quarters of the year, all our customers on Direct Tariff Supply (DTS) are metered so that they can accurately pay the energy they consumed.
“We must ensure that all the energy consumed by our customers is paid for. We have already introduced several measures for curtailing energy loss this year. We are going to borrow a leaf from Ikeja to achieve our desired objectives,” he said.