Reps seek N500bn capital base for DisCos …C0NTINUE READING HERE >>>
The House of Representatives has asked Electricity Distribution Companies, DisCos, to undergo a N500 billion recapitalisation exercise to strengthen their financial position to discharge their responsibility to consumers.
The development followed the adoption of a motion on the “Need to Address the Activities of Distribution Companies in Nigeria.”
The motion was sponsored by Hon. Ayokunle Isiaka, a member representing the Ifo/Ewekoro Federal Constituency of Ogun State,…
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