The Nigeria Independent System Operator (NISO) has directed electricity Distribution Companies (Discos) to immediately commence the settlement of their outstanding obligations to the Nigerian Electricity Market and service providers. The organisation stressed that the federal government had already netted off approximately 97 per cent of their debts accumulated between 2015 and 2020, and demanded a viable payment from the electricity distributors. The system operator, which concluded a four-day public hearing with the Discos, said payment proposals submitted by some of the electricity distribution companies were unacceptable, particularly considering the magnitude and age of the outstanding obligations.
Related Articles
Don't miss out on breaking stories and in-depth articles.