DisCos need N8.7bn to meet NERC’s remittance order

Hints remittance order may lead salar payment Asks MDAs to settle N100bn electricity debts _______________________________________ The Electricity Distribution Companies (DisCos) have implored the National Assembly to intervene in the current liquidity crisis in the power sector, saying they will need N8.7 billion to comply with the remittance order set by the Nigerian Electricity Regulatory Commission (NERC). A statement issued today by Sunday Oduntan, ANED’s executive director, research and advocacy, in a breakdown of the required amount, said the DisCos will require N725 million monthly to meet the threshold of 35…

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