The Federal Executive Council (FEC) on Wednesday approved the payment of N25.99 billion to the power Distribution Companies (Discos).
This amount is out of the N67.41 billion the discos said they were being owed by the government – ministries, departments, and agencies.
This was disclosed by the Minister of Work, Power and Housing, Babatunde Fashola who briefed State House correspondences at the end of FEC presided over by President Muhammadu Buhari.
According to him, the amount, which has been verified was owed by the Federal Government’s Ministries, Departments and Agencies (MDAs).
He also disclosed that the verification of the amount owed by States and Local governments is still on going.
More to come Later…
