INVESTIGATION: Beautiful infrastructure but poor staffing, lack of drugs hinder PHC services in Borno communitiesThe naira abuse palaver, By Dakuku PetersideHard hit by climate change, farmers in Nigeria’s ‘food basket’ face new foesINVESTIGATION: Beautiful infrastructure but poor staffing, lack of drugs hinder PHC services in Borno communitiesThe naira abuse palaver, By Dakuku PetersideThe government also ordered the sale of DisCos that have been taken over by banks and the Assets Management...
The Abuja DisCo is under the management of the United Bank of Africa , while Fidelity Bank manages the Benin DisCo, Kaduna DisCo and Kano DisCo.In November 2013, the federal government privatised 11 electricity distribution companies and six generating companies , with the FG retaining 100 per cent ownership of the Transmission Company of Nigeria .
He said the decisions on the DisCos have become necessary because the Nigerian Electricity Supply Industry fails when they refuse to perform. “All the DisCos that are still under AMCON and some lenders , within the next three months, must be sold to a technical power operator with a good reputation in utility management. We can no longer afford AMCON to run our DisCos. We can no longer afford the banks to run our DisCos. This is a technical industry, and it must be run by technical experts,” he said.The minister stated that the electricity problem started in the era of privatisation.
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