Reps approve N248.6bn relief, debt restructuring for three DisCos - THE AUTHORITY NEWS
2 Articles
2 Articles
Reps Okay N248.6bn Relief, 10-Year Debt Plan for Ikeja Electric, Two Others
By Adedapo Adesanya The House of Representatives, via its Public Accounts Committee, has approved a N248.6 billion financial relief package alongside a 10-year debt restructuring plan for Kano, Jos and Ikeja Electricity Distribution Companies (DisCos). The decision followed the adoption of a report by a technical subcommittee set up to review findings in the 2021 […]
Reps approve N248.6bn relief, debt restructuring for three DisCos - THE AUTHORITY NEWS
By Mercy Aikoye The House of Representatives Public Accounts Committee has approved a N248.6 billion financial relief package alongside a 10-year debt restructuring plan for Kano, Jos and Ikeja Electricity Distribution Companies (DisCos). The decision followed the adoption of a report by a technical subcommittee set up to review findings in the 2021 Auditor-General’s report, which highlighted rising indebtedness among electricity distribution fi…
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