Reps Push For N500bn Capital Base For DISCOs …C0NTINUE READING HERE >>>
The House of Representatives has asked Electricity Distribution Companies (DISCOs) to undergo a recapitalisation exercise up to the sum of N500bn, to put them in a strong financial position to discharge their responsibility to consumers.
This was sequel to the adoption of a motion on the “Need to address the activities of distribution companies in Nigeria,” sponsored by the member representing Ifo/Ewekoro Federal Constituency of Ogun State, Hon. Ayokunle Isiaka, at plenary on…
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