Nigerian govt announces restructuring of five electricity companies - Premium Times Nigeria

The Nigerian government on Tuesday announced the restructuring of five out of the country’s 11 electricity distribution companies.

This was disclosed in a statement jointly signed by the heads of the Nigerian Electricity Regulatory Commission , Sanusi Garba, and the Bureau of Public Enterprise , Alex Okoh. “Today we were informed by Fidelity Bank that they have activated the call on the collateralized shares of Kano, Benin, and Kaduna DISCOs and that they have initiated action to take over the Boards of these DISCOs and exercise the rights on the shares,” the statement said.

The Kaduna DISCO will have Abbas Jega as chairman, Ameenu Abubakar and Marlene Ngoyi will be members of the board.

Audio restructuring,tackle the insecurity and unemployment, we will be fine.

Must it be announced

...We will, we will, we will government. 😥

Na so una dey talk

What are we going to do with the light? Only the living that use light. We need security at this point not only light.

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