Unmetered Customers now 7.1million as Discos Install 504,729 Meters in 2023 - Report
The number of power consumers without meters across the country is now 7,117,167, as a total of 504,729 meters were installed by electricity distribution companies between January and September 2023.
Data obtained from...
We Will Sell Off 40% Stake in Discos, Says BPE
The Bureau of Public Enterprises (BPE) has said that it intends to sell remaining 40 per cent shares of the government in electricity distribution companies on the capital market in 2024.
It said the BPE may...
Lawmakers Summon CBN, DISCOs, Over Alleged Misappropriation of $321m, N18bn Loan
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in relation to accusations of mismanaging loans amounting to US$321 million and N18.2...
Tinubu Calls for N2tn Discos' Recapitalisation, Tariff Review
President Bola Tinubu says Nigeria’s power sector privatisation had failed to meet its objectives, as the national grid was serving only about 15 per cent of the country’s electricity demand despite being privatised 10 years ago.
Tinubu, who...
DisCos Say Without Subsidy, Most Nigerians Can’t Afford Cost of Electricity
The Association of Electricity Distributors of Nigeria (ANED) has said that without electricity subsidy, most Nigerians will not be able to afford the actual cost of power supplied them.
This was even as it said...
Discos Install new 178,864 Meters, Reject 114.53MWh/h in H2 - Report
The Nigerian Electricity Regulatory Commission has revealed that power distributors failed to accept an average of 114.53 megawatts-hour/hour of electricity in the second quarter of 2023 despite its low supply across the country.
NERC disclosed...
