Rep Demand N500bn Boost for Power Sector
- F.Adenike
- Nov 20, 2024
- 1 min read

House of Representatives has proposed a N500 billion recapitalization initiative aimed at strengthening the financial health and service quality of the country's electricity distribution companies, commonly known as DISCOs.
This proposal comes in the wake of serious allegations that these companies are pressuring consumers into paying for unnecessary meter replacements, despite previous investments made by consumers in such infrastructure.
The House has expressed deep concern over these practices, which they believe could undermine economic stability.
As a result, they have directed their Committee on Power to conduct a thorough investigation into the operational practices of DISCOs.
The committee is expected to report its findings within four weeks, which will be crucial in shaping future legislative actions.
A representative from the House stated, "We cannot allow these unjust practices to continue unchecked. It is imperative that we protect our citizens and ensure that they receive reliable electricity services without being subjected to unfair charges."
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