Reps okay N248.64bn relief, 10-year debt restructuring for Kano, Jos, Ikeja DisCos

The House of Representatives Public Accounts Committee, on Thursday, approved a package of financial reliefs and a 10-year debt restructuring plan totalling N248.64bn for three electricity distribution companies — Kano, Jos and Ikeja — in a bid to ease mounting liabilities and stabilise Nigeria’s fragile power market. The figure comprises N128.60bn...