MDAs owe DisCos N27bn not N90bn – Fashola

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MDAs owe DisCos N27bn not N90bn - Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, has said that the Federal Government had been able to verify N27 billion out of N90 billion claim submitted for verification by the electricity distribution companies, as debts owed by Ministries, Departments and Agencies (MDAs).

Fashola who disclosed this in Lagos at the 19th edition of the power sector stakeholders’ meeting, said the measure was part of the government’s plan to resolve liquidity challenges in the power sector.

Read Also: FG Claims To Approve N40 Billion Naira Bailout for MDAs Electricity Debts

In a communiqué issued at the end of the meeting, the minister commended the Nigerian Electricity Regulatory Commission (NERC) for its new mini-grid regulation which has yielded new projects already with the commissioning of a new 20KW project in Kwali Local government Area of the Federal Capital Territory with a plan to power 145 households and five businesses by Haven Hills Synergy Limited.

He said that another would be completed shortly in Kano State.

Read Also: Military, MDAs Owe DisCos N59.3 billion

The Managing Director, Niger Delta Power Holding Company (NDPHC), Mr. Chiedu Ugbo, announced the completion of Magboro connection project, and progress of projects in Ugwuaji, Egbema, Okija, Omotosho and Olorunsogo host communities with expected completion by December this year.

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About Busayo Oladejo 415 Articles
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