NEC raises panel to review DisCos’ ownership - The Nation Newspaper

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 69%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

NEC raises panel to review DisCos’ ownership

Imo State Governor Emeka Ihedioha, who dropped the hint in a chat with State House reporters after yesterday’s NEC meeting, said the panel has a mandate to review the companies’ ownership status.Ihedioha stated that “NEC resolved to constitute an ad hoc committee, including Kaduna Governor Nasiru El-Rufai, as well as governors representing the six geo-political zones, to do the review.

On what gave rise to the discussion on the NDPHC, the governor said an issue came up in terms of ownership between the Federal Government and state governments. Ihedioha said that the Accountant-General of the Federation, on behalf of the Minister of Finance, Budget and National Planning, also briefed the council on the balances of national accounts.

Speaking on the approval, NSIA’s Managing Director Uchechi Orji, said the NEC constituted a committee to work out modalities for collaboration between the agency and the National Pension Commission on how to channel pension funds for investment. “Other projects under the PIDF, include the Mambila Hydro Power project and East-Ways Road,”, he noted.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Power supply: FG, NEC review ownership of Discos
Source: MobilePunch - 🏆 8. / 63 Read more »

NEC constitutes committee to review DISCOs – Daily Trust*asks NGF chair to raise committee to address solid mineral sector challenges  ADVERTISEMENT The National Economic Council (NEC), presided over by Vice President Yemi Osinbajo, has set up an Ad-hoc Committee to review the status of the ownership structure of the Power Distribution Companies.ADVERTISEMENTOVER 5,000 NIGERIAN MEN HAVE OVERCOME POOR BEDROOM PERFORMANCE SYNDROME DUE TO …
Source: Daily Trust - 🏆 13. / 51 Read more »

El-Rufai heads panel on review of DisCos ownershipThe National Economic Council (NEC) has appointed Kaduna State Governor, Nasir el-Rufai, as the head of the ad-hoc committee
Source: vanguardngrnews - 🏆 5. / 75 Read more »

DisCos under attack as Senate probes power supply in Nigeria - Daily Post NigeriaThe Senate has mandated its Committee on Power to, within four weeks, investigate the activities of power generating and distribution companies to unravel
Source: DailyPostNGR - 🏆 11. / 59 Read more »

INVESTIGATION: Despite acquiring $1.3bn DisCos, investors shift meter, transformer burden to consumers – Daily TrustSix years ago, the Federal Government unbundled the Power Holding Company of Nigeria (PHCN) and handed over 18 utility firms to private investors. Government raked in $2.5 billion (about N916.575bn) from the transaction involving six Generation Companies (GenCos) and 11 Distribution Companies (DisCos).
Source: Daily Trust - 🏆 13. / 51 Read more »

NEC approves additional $250m for Nigeria Sovereign InvestmentThe National Economic Council (NEC) on Thursday approved additional investment of $250 million into the Nigeria Sovereign Investment Authority (NSIA)...
Source: TheNationNews - 🏆 6. / 69 Read more »