Business

FG approves N39bn loan for Discos

The Federal Government has approved about N39 billion to discos to procure meters for customers.

Minister of Power, Works and Housing, Mr. Babatunde Fashola, announced the lifeline for Discos at the 18th Monthly Power Sector Stakeholders Meeting hosted by Kano Electricity Distribution Company (KEDCO).

Fashola said the gesture was part of power sector recovery programme of the government aimed at ensuring uninterrupted power generation and distribution.

He added that it was also aimed at ensuring that every consumer of electricity is provided with a meter.

“It is also aimed at ending the series of complaints by consumers who applied for meter but were not supplied at the appropriate time,’’ he said.

The Minister explained that the successful implementation of the power sector recovery programme would assist in resolving the conflict between distributors and consumers over tariff collection.

Fashola said that power generation improved tremendously in 2017 to 6,863 megawatts compared to 2016.

 

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