DisCos face bleak future over N930bn debt in unpaid invoices owed NBET
By A grim picture of the finances of Nigeria’s electricity distribution companies (DisCos) is emerging after a reconciliation of the invoices and payments between them and the Nigerian Bulk Electricity Trader (NBET) showed that the 11 DisCos owe a combined sum of N622.4 billion plus N308.2 billion in interest charged. It takes the cumulative debt of…
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