Northern Nigerian Breaking News

Electricity Consumers Oppose N1.2tr Bailout Request By GenCos, DisCos

166

The Electricity Consumer Protection Forum on Monday opposed the request by power Generation Companies, Gencos, and Distribution Companies, DisCos, for N1.2 trillion bailout from the Federal Government.

The group’s National Coordinator, Adeola Samuel-Ilori, made its position known in an interview with the News Agency of Nigeria in Lagos.

NAN reports that the GenCos and DisCos had recently asked the FG to urgently inject the amount into the sector in order for their operations to survive.

Mr Samuel-Ilori said that it was improper for privately-owned entities to be asking the government for bailouts when they ought to be looking for investors to boost their operations.

Read Also: FG Speaks On N-Power Program

PROMISES-DELIVERED

He said: “It is only an organisation going through a crisis of insolvency that may be bailed out or banks going under with depositors’ money.

“How can DisCos and GenCos, which are still currently going concerns, be asking for a bailout when they are supposed to have strong capital take-off base before venturing into the business?”

According to him, the government has invested so much in the power sector within the last five years, despite being largely privately owned.

KANO ACRESAL PROJECT

Samuel-Ilori, therefore, advised the government to divest its 40 per cent equities from the DisCos to encourage more investors to come into the sector.

He said that this would make more funds available for other critical infrastructure and projects and at the same time, make the DisCos to be alive to their responsibilities.

Mr Samuel-Ilori also faulted the recent decision by the Nigerian Electricity Regulatory Commission, NERC, not to conduct a public hearing for six out of eight DisCos.

The said DisCos were alleged to have breached Section 74 of the Electric Power Sector Reform Act, EPSRA, 2005.

He said the decision of NERC to exclude the affected companies from the public hearing after they complied with its remittance directive was not in line with best practices in the industry.

According to him, those exempted from the hearing are, Abuja Electricity Distribution Company Plc, Benin Electricity Distribution Company Plc, Ikeja Electric Plc and Kaduna Electricity Distribution Company Plc.

He added that Kano Electricity Distribution Company and Yola Electricity Distribution Company Plc were also exempted from the hearing.

Mr Samuel-Ilori said: “This is not acceptable to All Electricity Consumers Protection Forum and we will, in the next few days, forward our letter of rejection to them.

“Going by Section 74 of EPSRA, it doesn’t only contain remittance, but all encompassed fractions against the DisCos.

“Therefore, even if the so-called remittance has been met, the other paragraph in the section must be explained to us how they were met.

“We will invoke the provision of Freedom of Information Act to demand all documents submitted and the commission notes at arriving at their decision.”

NAN

166 Comments
  1. how to smoke dmt says

    789218 406551Id need to check with you here. Which is not something I typically do! I enjoy reading a post that will make people think. Also, thanks for permitting me to comment! 612965

  2. Üvey Anne Porno yapmak isteyen evin genç oğlu annesinin uzattığı seksi ayaklarını
    görünce kendi engel olamadan annesinin ayaklarını yalamaya başlayarak Ensest Porno yapıyor.
    Oğlunun fantezisini tatmin etmek isteyen anne oğluyla seviştiktikden sonra Sakso çekerek oğlunun kalmış penisini içine alarak Oral Porno
    yapıyor.

  3. View Amy Lynn Mann results in Paris, TN including current phone number, address, relatives, background check report, and property record with Whitepages.

  4. eşek tekme ibne işemek says

    Check out öne çıkan Nijeryalı porn videos on xHamster.
    Watch all öne çıkan Nijeryalı XXX vids right now! US.

    Düz; eşcinsel; ilgili porno yıldızları #1559.
    Yaoitube. 2,2K #1011. Krissyjoh. 352 #1373. Helena Bon.
    2,9K #6644. Bunny Love. 928 #1068. Bambulax.

    4,8K.

  5. Buy insulin without prescription online Get some Metformin online no doc needed.
    How hard can it be?
    Insulin without a prescription Where to buy cheap diabetes drugs online without a prescription?

  6. Excellent post. I used to be checking constantly this blog and I am inspired!
    Very helpful information specifically the final section 🙂
    I maintain such info a lot. I used to be looking for this particular
    info for a very long time. Thanks and good luck.

  7. lumi finance says

    Nice i really enjoyed reading your blogs. Keep on posting. Thanks

  8. convert vhs tapes says

    times-standard.com

  9. polygon says

    Thank you so much for sharing this wonderful post with us.

  10. USA traffic says

    The information shared is of top quality which has to get appreciated at all levels. Well done…

  11. Sushi Swap says

    Thank you for sharing indeed great looking !

  12. Sushi swap says

    Thank you for sharing indeed great looking !

  13. Manta Bridge says

    The information shared is of top quality which has to get appreciated at all levels. Well done…

  14. Sushi swap says

    The information shared is of top quality which has to get appreciated at all levels. Well done…

  15. minswap says

    Thank you so much for sharing this wonderful post with us.

  16. Thank you so much for sharing this wonderful post with us.

  17. SpookySwap says

    The information shared is of top quality which has to get appreciated at all levels. Well done…

  18. Sushi Swap says

    Thank you so much for sharing this wonderful post with us.

  19. Polygon Bridge says

    Nice i really enjoyed reading your blogs. Keep on posting. Thanks

  20. Curve Finance says

    A great post without any doubt.

  21. Manta Bridge says

    Thank you for sharing indeed great looking !

  22. Sushi Swap says

    The information shared is of top quality which has to get appreciated at all levels. Well done…

  23. iziswap says

    Thank you so much for sharing this wonderful post with us.

  24. Manta Bridge says

    A great post without any doubt.

  25. Curve Finance says

    Thank you so much for sharing this wonderful post with us.

  26. Polygon Bridge says

    A great post without any doubt.

  27. Manta Bridge says

    Thank you for sharing indeed great looking !

  28. minswap says

    Thank you so much for sharing this wonderful post with us.

  29. Curve Finance says

    Thank you for sharing indeed great looking !

  30. Thank you for sharing indeed great looking !

  31. Thank you so much for sharing this wonderful post with us.

  32. Curve finance says

    Nice i really enjoyed reading your blogs. Keep on posting. Thanks

  33. MinSwap says

    Wow, wonderful blog layout! How lengthy have you been blogging for? you made blogging glance easy. The whole look of your website is great, as smartly as the content!

  34. DefiLlama Swap says

    Thank you so much for sharing this wonderful post with us.

  35. MinSwap says

    The information shared is of top quality which has to get appreciated at all levels. Well done…

  36. polygon bridge says

    Предлагаем услуги профессиональных инженеров офицальной мастерской.Еслли вы искали ремонт телефонов sony адреса, можете посмотреть на сайте: ремонт телефонов sony в москвеНаши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!

  37. DefiLlama says

    Your blog is a true gem in the vast expanse of the online world. Your consistent delivery of high-quality content is truly commendable. Thank you for consistently going above and beyond in providing valuable insights. Keep up the fantastic work!

  38. DefiLlama says

    Hi, Derrick – I have actually never read an Agatha Christie novel. (I know, I can’t believe it either!) Thank you for this excellent review. I have now moved Agatha up high on my Must Read List. <3Loading…

  39. Curve finance says

    Greetings, I do believe your blog might be having web browser compatibility problems. Whenever I take a look at your site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping issues. I just wanted to provide you with a quick heads up! Other than that, excellent blog.

  40. Polygon Bridge says

    His stained glass was notably informed by the French Symbolist motion.

  41. DefiLlama Swap says

    Hello there! This blog post could not be written any better! Reading through this article reminds me of my previous roommate! He continually kept preaching about this. I will send this post to him. Fairly certain he will have a great read. Many thanks for sharing!

  42. DefiLlama DefiLlama Swap says

    Major thanks for the article.Thanks Again. Great.

  43. DefiLlama DefiLlama Swap says

    Tools for collections credit card processing

  44. DefiLlama DefiLlama Swap says

    Porn

  45. DefiLlama DefiLlama Swap says

    Introducing to you the most prestigious online entertainment address today. Visit now to experience now!

  46. game says

    Very nice post. I simply stumbled upon your weblog and wanted to say that I’ve truly enjoyed surfing around your blog posts. In any case I?ll be subscribing on your feed and I hope you write once more soon!

  47. sushi swap says

    I’m genuinely impressed by how effortlessly you distill intricate concepts into easily digestible information. Your writing style not only imparts knowledge but also engages the reader, making the learning experience both enjoyable and memorable. Your passion for sharing your expertise shines through, and for that, I’m deeply grateful.

  48. Kasino says

    Wind the ribbon onto one of the spools if it isn’t already.

  49. Polygon Bridge says

    I will right away grasp your rss as I can not in finding your email subscription link or newsletter service. Do you have any? Please allow me realize so that I may just subscribe. Thanks.

  50. Cryptocasino says

    Thank you for your blog article. Much obliged.

  51. woofifinance says

    Woofi Finance is a game-changer!

  52. spookyswap says

    Brilliant post! It reminded me of SpookySwap’s approach to integrating new features that simplify the user experience while staying true to decentralized principles.

  53. spookyswap says

    Staking rewards on spooky swap seem decent, thoughts?

  54. spooky swap bridge says

    The transaction speeds on spooky swap are lightning-fast.

  55. iziswap says

    best crypto site https://iziswap.org/

  56. Woofi Finance says

    WOOFi Finance: A Comprehensive Guide to One of the Leading DeFi Platforms in 2025, https://paragraph.xyz/@vanillacrypto/woofi-finance-staking-how-to-earn-passive-income-in-2025

  57. Woofi Finance says

    https://x.com/defiNews12/status/1890117978261536813, WOOFi Finance Leading DEX 2025

  58. MinSwap wallet integration says

    Discover the power of MinSwap, the leading decentralized exchange platform offering seamless trading and low fees. Maximize your assets and join the next generation of decentralized finance

  59. CowSwap exchange says

    Discover CowSwap, the trusted decentralized exchange platform for seamless crypto trades in 2025. With low fees, high security, and fast transactions, CowSwap is a go-to solution for DeFi users worldwide

  60. Woofi governance model says

    Discover the future of decentralized finance with Woofi Finance, a cutting-edge platform for seamless crypto staking and yield farming. Maximize your returns with low fees and high rewards. Join the revolution in DeFi today!

  61. Discover CowSwap, the trusted decentralized exchange platform for seamless crypto trades in 2025. With low fees, high security, and fast transactions, CowSwap is a go-to solution for DeFi users worldwide

  62. Manta Bridge says
  63. Manta Bridge says
  64. SpookySwapDrive says

    Stop wasting time on slow DEXs. Spookyswap is lightyears ahead in speed, efficiency, and security.

  65. SpookySwapBot says

    Been using Spookyswap for months, and it’s easily the best DEX out there. Fast, secure, and low fees. Highly recommend.

  66. Ultimate Stargate BridgeHQ says

    Cross-chain technology is evolving, and Stargate Bridge is at the forefront. A top-tier choice for DeFi enthusiasts!

  67. spooky swap says

    Check this trusted website , SpookySwap

  68. Arbswap security says

    Arbitrum whales transfer $18.5M in tokens following $2.3B unlock

  69. Tornado Cash roadmap says

    Ethereum Foundation confirm $1.25M to Tornado Cash defense

  70. Rocket Pool FAQ says

    Rocket Pool’s Ethereum staking service reaches $1B in TVL

  71. DexGuru says

    Analysts : Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle

  72. bitcoin live casino says

    dogecoin crypto casino

  73. iZiSwap says

    Elon Musk’s X eyeing capital raise at $44B valuation: Report

  74. SpookySwap says

    Phantom takes second spot in Apple’s US App Store utilities category

  75. Manta Bridge says

    US Bitcoin reserve prompts $370 million in ETF outflows: Farside

  76. Polygon Bridge says

    Trump Opens 300x Leverage Trade After Call with Putin – Is This the Trade of the Century?

  77. Rocket Pool says

    Trading Bitcoin’s halving: 3 traders share their thoughts

  78. Arbswap says

    Arbitrum whales transfer $18.5M in tokens following $2.3B unlock

  79. DexGuru says

    Analysts : Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle

  80. 누누티비 says

    누누티비

  81. Tornado Cash freedom says

    Tornado Cash – Best Crypto Platform for Protects Your Crypto in 2025

  82. ApeSwap mobile says

    How to Swap Tokens on ApeSwap: A Complete Guide 2025

  83. This week’s alpha says

    Top crypto picks this week

  84. The team behind Polygon Bridge is doing an excellent job.

  85. Polygon Bridge says

    Polygon Bridge is the most reliable bridge in the crypto market.

  86. cbridge celer says

    Love how simple you made cross-chain transfers look.

  87. cbridge transfer says

    Safety tips were on point—huge help for beginners.

  88. cbridge bridge assets says

    Definitely bookmarking this for my next bridge transfer.

  89. cbridge tutorial says

    Safety tips were on point—huge help for beginners.

  90. Charleston web design says

    seo asheville

  91. apeswap says

    apeswap pools

  92. apeswap defi says

    apeswap airdrop

  93. apeswap vaults says

    apeswap web3

  94. apeswap says

    apeswap vs pancakeswap

  95. rhinobridge crosschain says

    rhinobridge arbitrum

  96. rhinobridge says

    rhinobridge arbitrum

  97. rhinobridge swap says

    rhinobridge launchpad

  98. swap brc20 tokens says

    ordiswap token

  99. arbswap nova says

    arbswap

  100. arbswap yield farming says

    arbswap exchange

  101. arbswap staking says

    arbswap

  102. arbswap nova dex says

    arbswap nova dex

  103. arbswap says

    arbswap crypto

  104. cbridge crosschain says

    Nice summary. Web3 is booming, but the UX still needs work. Whoever solves this wins big.

  105. cbridge staking says

    cbridge

  106. celer cbridge says

    cbridge

  107. cbridge token says

    cbridge capital

  108. portalbridge says

    Big fan of tools that don’t rely on centralized exchanges.

  109. polygon bridge defi says

    The best way to explore low-cost DeFi tools.

  110. Navigating Insolvency Risks says

    National Insurance Increase

  111. dexguru says

    dexguru market data

  112. cbridge says

    cbridge

  113. dexguru defi terminal says

    how to use dexguru

  114. iZiSwap liquidity pools​ says

    iZiSwap guide​

  115. polygonbridge says

    polygonbridge

  116. polygon bridge says

    bridge to polygon matic

  117. portal bridge says

    portal bridge vs stargate

  118. bridge usdt via portal says

    portal bridge supported chains

  119. rhinobridge says

    Rhino’s method of minting instead of wrapping is genius.

  120. iZiSwap updates​ says

    Loved the 2025 strategies for managing IL—super practical.

  121. ordiswap team says

    This guide made me bullish on Bitcoin DeFi again.

  122. binancebridge says

    binance bridge

  123. iZiSwap support​ says

    iZiSwap trading​

  124. binancebridge says

    binance bridge usdt

  125. binancebridge says

    binance bridge

  126. iZiSwap API​ says

    iZiSwap news

  127. anyswap bridge says

    anyswap swap

  128. iZiSwap farming​ says

    Loved the 2025 strategies for managing IL—super practical.

  129. cbridge fees says

    cBridge is part of my daily DeFi routine now.

  130. RenBridge staking says

    The Ren protocol team is lowkey building essential infra for DeFi.

  131. RenBridge non-custodial says

    RenBridge is seriously underrated. Smooth cross-chain swaps with no fuss.

  132. cbridge vs multichain says

    No more wrapping needed thanks to cBridge.

  133. rhinobridge arbitrum says

    One of the few tools I trust in DeFi: Rhinobridge.

  134. Link Tải F79 says
  135. totocc says

    link alternatif totocc

  136. empowering ambitious women says

    VigorMuse

  137. ParaSwap says

    Doing a cross chain swap has never been easier than with this service;

  138. ParaSwap DeFi says

    I’ve been active for a month, mostly for learning crypto basics, and it’s always clear transparency.

  139. ParaSwap liquidity routing says

    If you need support the ParaSwap contact page works fine

  140. SpiritSwap expansion data says

    Great site, i recommend it to everyone SpiritSwap

  141. Manta Bridge network swap says

    Great site, I recommend it to everyone Manta Bridge

  142. DustinVen says

    I’ve been exploring CBD products: is thca the same as delta 9 for a while, and this article in fact resonated with my own experience. CBD has helped me interrupt cool-headed, snooze better, and manipulate burden in a natural way without that heavy or “foggy” feeling. I’ve tried oils, gummies, and full-spectrum blends each works differently depending on the moment. The key fit me was consistency and characteristic: in one go I switched to visceral, lab-tested brands, the results became more noticeable. It’s not a black magic cure, but it can be a palpable help after loony balance and portion recovery.

  143. wrapped ether swap says

    I personally find that i’ve been active for half a year, mostly for swapping tokens, and it’s always accurate charts. I moved funds across chains without a problem.

  144. earn with weth staking says

    I’ve been active for almost a year, mostly for using the API, and it’s always trustworthy service.

  145. I personally find that the using the API process is simple and the low fees makes it even better.

  146. 월드카지노 says
  147. Biswap DeFi says

    I was skeptical, but after half a year of learning crypto basics, the fast transactions convinced me. Great for cross-chain swaps with minimal slippage.

  148. bridge app says

    I’m impressed by the scalable features. I’ll definitely continue using it. Great for cross-chain swaps with minimal slippage.

Leave A Reply

Your email address will not be published.

404