The Managing Director/Chief Executive Officer, Ibadan Electricity Distribution Company (IBEDC), Engr Kingsley Achife, has said that the company plans to invest N14 billion in technical infrastructure to enhance its operations.
Engr Achife, during a media parley at the company’s headquarters in Ibadan, said the investment, which will span over an 18-months period, is aimed at strengthening the company’s network and repositioning its business through infrastructural development.
He said, “In terms of investment, the Federal Government has been a source of succour for this industry. But there is a reason for that, the tariff has never been cost-reflective. The government has recognised this and has been helping us make investments but those investments are loans.
He said the company is committed to offering excellent services to its customers by adopting several measures.
