Following the Nigerian Electricity Regulatory Commission capped estimated billing Power Distribution Companies are losing N13.9 billion monthly.
The new tariff was to be implemented on July 1, 2020 before lawmakers at the National Assembly met with stakeholders in the power sector for its suspension until the first quarter of 2021, citing the economic situation of their constituents. In addition, the DisCos said they want an unencumbered financial balance sheet for access to debt financing of their required Capital Expenditure and Operational Expenditure investment.
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