For 3 Electricity Companies

  The House of Representatives Public Accounts Committee has approved financial relief measures and a 10-year debt restructuring plan for three electricity distribution companies, as part of efforts to stabilise Nigeria’s struggling power sector. The committee endorsed the package for the Kano, Jos and Ikeja Electricity Distribution Companies, covering a combined liability of about 248.6 billion naira. Chairman of the subcommittee, Mark Obetta, said the decision followed the adoption of […]