...appeals to IBEDC to review current rates downward
The Vice-Chancellor, Professor Kayode O. Adebowale, mni, FAS, has urged the Ibadan Electricity Distribution Company (IBEDC) to review its current rates downwards for the University of Ibadan.
He made the call during a courtesy visit to his office by the new Oyo Regional Manager of IBEDC, Mr Oluwasogo Olufayo.
Professor Adebowale lamented that the University, which is not a profit generating institution, spends over One Billion Naira on electricity every year.
He said it was becoming a challenge for the University to settle its electricity bills.
The Vice-Chancellor, however, commended the IBEDC for being a good partner with UI.
The Oyo Regional Manager, Mr Olufayo, said the review of the tariffs was beyond his office.
He explained that there are three major players in the value chain – generation – transmission – distribution companies, adding that the sector is highly regulated by the Nigerian Electricity Regulatory Commission.
Mr Olafayo said he was in UI to consolidate the already existing smooth, cordial, and beneficial relationship between the two organisations.
He appreciated the University for its patronage and assured that any possible area of improvement would be explored.
The Regional Manager was accompanied on the visit by the Regional Accountant, Mrs Olukemi Oyewale; the Maximum Demand Manager, Mr Donald Olu; the Business Hub Manager (Ojoo), Mr Joel Ojiakor; and the Technical Engineer, Engr Oladapo Arojojoye.
