Nigeria: Govt Laments DISCOs'' N500 Billion Indebtedness to NBET

17 July 2018

Federal Government, yesterday, expressed concerns over the debt of N500 billion electricity Distribution Companies, DISCOs, owed Nigeria Bulk Electricity Trading Company, NBET.

Minister of Works, Power and Housing, Mr. Babatunde Fashola, said while addressing newsmen on development in the power sector that DISCOs' debt profile to NBET was on the increase, in spite of reports of crazy estimated billing of customers.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.