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Power firms lack capacity building initiatives – NBET

By BusinessNews Staff on October 23, 2015

Power firms operating in the country, particularly the electricity distribution companies, are in short supply of capacity building initiatives, the Nigerian Bulk Electricity Trading Company Plc has said.

The NBET, therefore, urged the power firms to collaborate with international and local consulting companies to improve their respective capacities in order to deliver optimum services to their customers and stakeholders in the electricity business.

The Managing Director/Chief Executive Officer, NBET, Mr. Rumundaka Wonodi, said this while playing host to a team from Deloitte Global, an international consultancy firm, at the headquarters of the bulk trader on Wednesday in Abuja.

He said, “Capacity building is important. But one of the things that we see each time we go for the monthly meeting is that we want to know and see that it (capacity building) continues to grow. Therefore, working with the firms to better understand their business is something that is lacking.

“So many distribution companies have to go back to understand the metrics for measuring their businesses. For this is still in short supply. I say this because we now understand that people cannot measure their businesses adequately.”

Wonodi noted that the NBET had to seek the services of the international consulting firm in order to be better positioned to deliver on its mandates, stressing that electricity distribution firms should adopt such a model as it would impact positively on their operations.

On the reason for working with Deloitte, he said, “There are still some gaps in the roles that need to be played in the NBET. There is a need to also create additional roles and try to specify the authorities for each role.”

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