The Federal Government has issued a marching order, asking the Nigerian Electricity Regulatory Commission, NERC, to withdraw licenses of non-performing electricity distribution companies, DISCOs. This is even as power generation dropped year-on-year, YoY, by 21 per cent to 3,475MW in March 2024, from 4,404MW in the corresponding period of 2023, due to many problems, especially low investment and inadequate gas supply. But, on month-on-month, MoM to 3,475 megawatts, MW in March 2024, from 4,043MW in February 2024, thus causing many Electricity Distribution Companies, DISCOs, to embark on loading. Data obtained…
Read MoreRevoke Licenses Of Non-Performing DisCos, Power Minister Orders NERC
