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KPMG Nigeria has made some useful suggestions to the Federal Government on how to drive development in the country’s ailing power sector. The audit giant, among other suggestions, urged the government to consider deducting, at source, the debts owed electricity distribution companies (DisCos), for onward remittance to the companies. It also said the government should continue to support businesses in the sector because of their peculiar circumstances. This, according to it, must however “be administered in a manner that guarantees improvement in power infrastructure across the country.”

These recommendations are contained in KPMG’s latest report titled: “The Twin Shocks and the Nigerian Energy and Natural Resources Industry-An Analysis of the Challenges, Consequences and Cure”. The firm wants consistency and clarity of policies on the part of government so as to encourage investments in the power sector; it wants power theft criminalised as well as…

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