The management of Eko Electricity Distribution Company (EKEDC) has lamented that it is being owed over N116 billion by Ministries, Departments and Agencies (MDAs) of governments as well as other customers.
The EKEDC Managing Director, Dr. Tinuade Sanda, disclosed this on Thursday while briefing newsmen.
According to her, as at December 2022, vandalism in the company’s network rose to N2.5 billion and with the estimated cost of cables today, should be over N5 billion.
“Debts alone from Ministries, Departments & Agencies, MDAs, is about N40 billion, while the total debts owed our company is over N116 billion,” she said.
Despite this, Dr. Sanda expressed optimism that the DisCo is working towards serving its customers with minimum of 20 hours of electricity supply daily.
She added, “We want to work towards ensuring minimum 20 hours electricity supply as we continue to get electricity from the power grid.
“Installation is still ongoing and we have done 80 out of 150. We are moving closer and closer to our consumers. We tend to decentralize more so that our consumers can reach us”.