Reps Approve ₦248.6bn Relief for Kano, Jos, Ikeja DisCos
By Oluwakemi Kindness The House of Representatives has approved a ₦248.6 billion financial relief and debt restructuring package for the Kano, Jos, and Ikeja Electricity Distribution Companies (DisCos). This move announced on Thursday is aimed at stabilising Nigeria’s troubled power sector. The decision followed the adoption of a report by the Public Accounts Committee, which […]
Reps Summon Discos Over Power Failure, Alleged Misuse of Funds
By Oluwakemi Kindness The House of Representatives has summoned electricity distribution companies over persistent power outages, alleged misuse of intervention funds, and poor accountability in Nigeria’s power sector. Thirteen years after the privatisation of electricity distribution, the House Ad hoc Committee investigating power sector reforms and expenditure from 2007 to 2024 expressed anger over the […]
PenCom, NERC Crack Down on GENCOs, DISCOs Over Pension Arrears
By Oluwakemi Kindness The National Pension Commission (PenCom) has sought the intervention of the Nigerian Electricity Regulatory Commission (NERC) to compel electricity Generation Companies (GENCOs) and Distribution Companies (DISCOs) to remit outstanding pension contributions owed to their employees. PenCom’s Director General, Ms. Omolola Oloworaran, stated this when she led a delegation to seek NERC’s intervention […]
FCCPC Engages Discos Over Prepaid Meter Phase-Out
Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday re-echoed its committed to preventing any disadvantage to consumers particularly now with the ongoing meter upgrade. This is as the commission says it is actively engaging key stakeholders, including the Nigerian Electricity Regulatory Commission (NERC), Nigerian Electricity Management Services Agency […]