Energy
DisCos Takeover: Presidency on power supply, distribution
The presidency has reacted to reports that the federal government may “take over Distribution Companies (DisCos).”
Laolu Akande, Senior Special Assistant on Media to Vice President Yemi Osinbajo, clarified what the National Economic Council (NEC) discussed on DisCos.
A statement he signed on Friday read: “We have read some misleading media reports regarding the deliberations of the National Economic Council on the issue of the ownership of electricity Distribution Companies, DisCos, at its meeting yesterday.
“For the purposes of clarity and accurate records, the ONLY issue which came up for discussions at NEC yesterday was about the quantum of State governments’ interests, if any, in the 40% shares retained by the Nigerian Government in each of the DisCos at the point of privatization.
“A Committee was then constituted to review historical records and advise the Council accordingly.”
Meanwhile, the Senate has mandated its Committee on Power to, within four weeks.
-
Latest2 days agoPastor Chris Oyakhilome announces mother’s passing at 88 [VIDEO]
-
Football5 days agoSaka: England still carry World Cup scar
-
Comments and Issues7 days agoSometimes, goodwill finds us through the people we love
-
Latest3 days agoArsenal eye €70-80m move for Real Madrid star
-
Business6 days agoCBN reduces MPR by 350bps to 23% in major monetary policy shift
-
Business1 week agoJetour takes T1 adventure SUV experience to Abuja, targets growing Nigerian market
-
Crime3 days agoPolice arrest suspect, launch manhunt for 2 others over Delta Education Director’s death
-
Latest2 days agoHow adulterated palm oil, coloured pepper are putting consumers at risk