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NEWSLETTERPOWER & ENERGY

Government Parastatals’ Debt to DisCos Jumps to N45billion

The debts owed the Electricity Distribution Companies, DisCos,  by the military and ministries, departments and agencies (MDAs), has jumped from the N32 billion to N45 billion as at the end of 2015.

The Executive Director, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, who spoke with the Nation, said that the distribution companies were going through several hitches especially in collection of payment for electricity supplied customers.

Oduntan said previously, the outstanding debt owed by MDAs was N32 billion, but has grown to N45 billion.

He said the DisCos have been discussing with the government on method of payment since the time debt was N32 billion because they need that money dearly to purchase equipment such as meters, among others, and also oil the operation to serve the customers satisfactorily.

 

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Comments (2)

  1. RT @BizWatchNigeria: Government Parastatals’ Debt to DisCos Jumps to N45billion – https://t.co/S2TEaWWZmb https://t.co/LanSvWZSjv

  2. RT @BizWatchNigeria: Government Parastatals’ Debt to DisCos Jumps to N45billion – https://t.co/S2TEaWWZmb https://t.co/LanSvWZSjv

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