Electricity: 5 DisCos fail N16.2bn December payment

Five of the electricity Distribution Companies (DisCos) have failed to pay completely for over N16.2 billion electricity delivered to them by the Generation Companies (GenCos) in December 2017 as the electricity market performance crashed to 8 per cent, a report has shown.

The Nigerian Bulk Electricity Trading Plc (NBET) report also showed that two other DisCos made late payments after the due date while four others remitted at varying percentages of their energy invoice figures.

Published in Daily Trust, 14th March, 2018