The lawmakers noted that the activities of DISCOS in the country were posing a threat to the economic stability and welfare of Nigerians.

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Nigeria: Reps Recommend N500m Recapitalisation for Discos

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Amadou Mahtar Ba

Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission. The PUNCH reports that the House of Representatives

Punch Newspapers

Discos list conditions for N500bn NASS recapitalisation plan

The lawmakers noted that the activities of DISCOS in the country were posing a threat to the economic stability and welfare of Nigerians. The post Reps recommend N500m recapitalisation for DISCOS appeared first on Premium Times Nigeria.

Premium Times Nigeria

Abuja

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Federal Capital Territory

Nigeria

Reps recommend N500m recapitalisation for DISCOS

The Distribution Companies (DisCos) in Nigeria have outlined a set of conditions for the successful implementation of the National Assembly’s proposed N500 billion recapitalization plan aimed at revitalizing the power sector. The plan, which seeks to inject significant funds into the electricity distribution network, is intended to address ongoing challenges in the sector, including poor [...] Source from InfoStride News

The InfoStride

Discos Outline Conditions For N500bn National Assembly Recapitalization Plan

By Adedapo Adesanya The House of Representatives is proposing that only electricity distribution companies (Discos) with a capital base of N500 billion be allowed by the federal government to operate. According to the lower chamber of the National Assembly, only financially capable energy firms could ensure maximum consumer satisfaction to Nigerians, insinuating that others could […]

Business Post Nigeria

Reps Propose N500bn Minimum Capital Base for Discos

The House of Representatives is proposing that only electricity distribution companies (DisCos) with a capital base of N500 billion be allowed by the Federal Government to operate. According to the lower legislative chamber, only financially capable DisCos would ensure maximum consumer satisfaction. The resolution was passed by the House during a plenary session on Wednesday following the adoption of a motion sponsored by Ibrahim Isiaka from Ogu…

CoreTV News

Only Discos with N500bn capital base should continue operation, Reps tell FG

The House of Representatives on Wednesday called for a minimum of N500 billion recapitalisation threshold for the 11 electricity Distribution Companies (DisCos) in the country if they must remain in business. The call is coming amidst concerns that a number of the distribution companies in the country have low financial capacity to make the necessary investments in power infrastructure for efficient service delivery. The 11 distribution companie…

Daily Trust

Reps ask DisCos to raise investment to N500bn or exit - Daily Trust

nigerianewspapers.net

Reps ask DisCos to raise investment to N500bn or exit

The House of Representatives has urged the Federal Government to permit only electricity Distribution Companies (DisCos) with a minimum capital base of ₦500 billion to continue operations. They argued that financially robust operators are necessary to ensure optimal consumer...

Nnu.ng - Nigeria News Update.

House Of Reps Demands N500bn Capital Base For DisCos To Operate

The House of Representatives has called for a N500 billion recapitalisation for electricity distribution companies in the country.   It wants the federal government to declare Distribution companies, DisCos, as non state actors and take immediate steps to address alleged reckless actions of Discos threatening the nation’s economy. Electricity Distribution companies, better known as […] The post Reps seek N500bn recapitalisation for DisCos first …

Nigeria: Reps Recommend N500m Recapitalisation for Discos

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