Nine DisCos in Nigeria near bankruptcy years after privatisation – Minister of Power – Pegars News

The Minister of Power, Engr Abubakar Aliyu, has disclosed that 9 electrical energy distribution corporations out of the eleven are nearly bankrupt 9 years after the sector’s privatisation.

According to the Minister, solely Eko Electricity Distribution Company, Ikeja Electricity Distribution Company and Enugu Electricity Distribution Companies are making earnings, whereas others are shedding.

Aliyu spoke on Tuesday in Abuja at the eleventh version of the ‘PMB Administration Scorecard Series (2015-2023)’ organised by the Federal Ministry of Information and Culture.

He revealed that the state of affairs had pressured the federal authorities to mandate banks to discover critical traders in shopping for its 60 per cent fairness in the Abuja, Kano, Kaduna, Benin, Ibadan and Port Harcourt DisCos.

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