The Nigerian Independent System Operator (NISO) has rejected debt repayment proposals submitted by some electricity distribution companies (DisCos) to settle their outstanding obligations to the Nigerian Electricity Market and service providers. NISO disclosed this in a statement issued by its management in Abuja on Sunday, following a four-day public hearing with the DisCos on their outstanding debts. The rejection comes with a warning of potential sanctions against the DisCos if they fail to meet their financial obligations. The development highlights ongoing tensions in Nigeria's electricity sector over unpaid debts.
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