Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Federal Executive Council approves N25.99 billion debt payment to Discos

Minister of Work, Power and Housing, Babatunde Fashola

The Federal Executive Council (FEC) on Wednesday approved the settlement of N25.99 billion debt owed power Distribution Companies (Discos) by the Federal Government.

The Minister of Work, Power and Housing, Babatunde Fashola 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.


This post first appeared on Chrisblend, please read the originial post: here

Share the post

Federal Executive Council approves N25.99 billion debt payment to Discos

×

Subscribe to Chrisblend

Get updates delivered right to your inbox!

Thank you for your subscription

×