2 billion loans for the accelerated electricity transmission distribution interface, lines and substation projects
The TCN Boss, Abdulaziz who told the Committee that the funds were paid directly to the DISCOs by the CBN to embark on the various projects, said the repayment of the loans was from the revenue of the company. "It is the concern of the petitioner that the fund have not been judiciously used and that the project ought to have been delivered by now upon which we caused a letter to be written to the Transmission Company of Nigeria which also sent in a response stating the status report of the project as well as the procedure for the implementation of that loan disbursement and execution of the project by the distribution companies.There was a problem processing your submission.
He said there was a need to invest in some projects so that the distribution companies would be able to distribute light to Nigerians.