NERC mandates DisCos to remit up to 60% of Capex for infrastructure upgrades

The Nigerian Electricity Regulatory Commission (NERC) has issued a directive requiring Distribution Companies (DisCos) to remit at least 60 per cent of their Capital Expenditure (Capex) for infrastructure upgrades. The order aims to ensure that funds allocated for improving electricity distribution networks are actually used for that purpose. This move is part of NERC's efforts to enhance power supply and hold DisCos accountable for infrastructure development.

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