Power: FG threatens to throw out DisCos

The Federal Government has threatened to throw out Power Distribution Companies (DisCos) following their inability to improve distribution in the country.

The government is angry that, despite doling out about N1.7 trillion to the companies, they are only able to distribute 3,000mw out of about 10,000mw generated.

The Minister of Power, Sale Mamman, said this while briefing State House correspondents after the meeting of the Federal Executive Council (FEC) presided over by President Muhammadu Buhari in Abuja on Wednesday.

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He noted that while the DisCos were collecting the 3,000mw, they were only paying for 1,000mw.

The minister said the companies must show that they have the capacity to give power to Nigerians or leave, so the that those who can do it would be engaged.

He said the government cannot continue to subside the companies without commensurate result.

Hassan disclosed that he has put before the FEC a way out of the situation, but gave no further details, hoping that the council will approve his plan.

Details later…

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