Business
BREAKING: FG threatens to revoke license of DisCos over poor power supply
The federal government has threatened to revoke the licenses of power distribution companies (DisCos) over the incessant power shortage nationwide.
The Minister of Power, Adebayo Adelabu, said this in a statement on Wednesday in Abuja.
According to Adelabu, the ministry is deeply concerned about the ongoing inadequate electricity distribution by the Discos, despite the generation companies increasing power output to 4000MW.
The minister further noted that he has summoned chief executives of Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company (IEDC), alongside the Managing Director of the Transmission Company of Nigeria (TCN) to explain the ongoing challenges in power distribution across the country.
He said,
Speaking further, Adelabu revealed that steps are being taken to cleat the debts owed to companies involved in power generation and gas supply, a move that will reduce financial burdens and enhance power generation across the country.
Earlier, ThePressNG reported that the Federal Government levelled accusations against certain electricity distribution companies (DisCos).
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