FG approves payment of N25.9bn to Discos

Posted by News Express | 4 October 2017 | 1,286 times

•Federal Executive Council in session

The Federal Executive Council has approved the payment of N25.99 billion to electricity distribution companies in the country as part of the power sector recovery programme, a report this evening from Abuja said.

“The amount is part of the N67.41 billion the discos said they were being owed by the government – ministries, departments, and agencies,” said a Channels TV report.

“After verification, the Federal Government said it, however, discovered that part of the amount was owed by states, local governments, and corporate entities,” the report added.

Source: News Express