Reps panel approves N248.6bn relief, debt restructuring for 3 DisCos

The House of Representatives Public Accounts Committee has approved a N248.6 billion financial relief and 10-year debt restructuring framework for the Kano, Jos and Ikeja Electricity Distribution Companies (DisCos) as part of efforts to stabilise Nigeria’s power sector. The resolution followed the adoption of a technical subcommittee report reviewing the 2021 Auditor-General for the Federation’s

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