The Federal Government says it has successfully completed the takeover of non-performing electricity distribution companies namely Kaduna, Kano, Ibadan and Port Harcourt DisCos. The Director-General of the Bureau of Public Enterprise, Mr Alex Okoh made the announcement while briefing the National Council on Privatisation (NCP) chaired by Vice President Yemi Osinbajo on the update of the takeover of the four electricity distribution companies (DISCOs). The DisCos were first taken over by AMCON or some creditor banks over poor debt issues and placed under new management. At the meeting, the BPE…
Read MoreFG announces take over of Kaduna, Kano, Ibadan P/Harcourt DisCos
