Nigeria: Govt Comes Up With Action Plan for Takeover of Distressed DISCOs

17 November 2017

Abuja — The Power Sector Recovery Programme (PSRP) recently developed by the federal government and the World Bank to revive Nigeria's ailing power sector, has come up with an action plan for the sweeping restructuring of the 11 electricity distribution companies (Discos) that would enable government to take over any Disco found to be insolvent.

Details of the action plan, which THISDAY got from a workshop organised by the Ministry of Power, Works and Housing to educate the media on the expected workings of the PSRP, indicated that the government is planning to restructure the Discos to meet their responsibilities in the country's privatised electricity market after a thorough forensic review of their operations.

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