Federal Government Approves Payment Of N25.9bn To Discos

The Federal Executive Council (FEC) on Wednesday, October 4, approved the payment of N25.99 billion to electricity distribution companies in Nigeria.

The N25.99 billion is part of the N67.41 billion the Discos said they were being owed by the government, ministries, departments, and agencies.

However, the Federal Government said after verification, it discovered that part of the amount was owed by states, local governments, and corporate entities.

Meanwhile, the N25.99 billion approved by the Federal Executive Council (FEC), is part of the power sector recovery programme.

This is a developing story, more to follow later:……………

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