News
Nine DisCos in Nigeria near bankruptcy years after privatisation – Minister of Power
The Minister of Power, Engr Abubakar Aliyu, has disclosed that nine electricity distribution companies out of the eleven are almost bankrupt nine years after the sector’s privatisation.
According to the Minister, only Eko Electricity Distribution Company, Ikeja Electricity Distribution Company and Enugu Electricity Distribution Companies are making profits, while others are losing.
Aliyu spoke on Tuesday in Abuja at the 11th edition of the ‘PMB Administration Scorecard Series (2015-2023)’ organised by the Federal Ministry of Information and Culture.
He revealed that the situation had forced the federal government to mandate banks to find serious investors interested in buying its 60 per cent equity in the Abuja, Kano, Kaduna, Benin, Ibadan and Port Harcourt DisCos
-
Politics4 days agoJUST-IN: George Turnah Welcomes Isaac Amakuro’s Disassociation from G-House Political Family
-
News6 days agoJUST-IN: Police declare Portable wanted, slam attempted murder and four other alleged offences on him
-
Breaking News6 days agoEdwin Clark dies at 97
-
Politics7 days agoREBUTTAL: TEKENANE ABAKA REMAINS SUBSTANTIVE CDC CHAIRMAN OF BILABIRI 1 COMMUNITY
-
Politics7 days agoIt is disrespectful to Nigeria; however, self-respect must come first,” declared Sen Ndume regarding Canada’s refusal to grant a visa to the Chief of Defence Staff.
-
News7 days agoJUST-IN: Lagos Gets New Commissioner Of Police
-
Politics7 days agoUPDATE: Thirty-six Lagos legislators express their unwavering confidence in the Speaker as the assembly adjourns its plenary session indefinitely.
-
Politics6 days agoYou Have 72hurs To Resign Your Appointments From Gov Diri’s Govt: Alabh George Turnah Tells Loyalist.