Vunderkind
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The new electricity distribution companies are generating between 20 and 23 billion naira monthly based on current revenue profile, Chairman, Presidential Task Force on Power, Engr. Reynolds Beks Dagogo-Jack, has said.
Speaking yesterday at the Chief Executives Roundtable meeting on sectoral linkage opportunities organised by the Nigerian Content Development and Monitoring Board in Abuja, Dagogo-Jack said the about N380bn spent on paying the severance packages of ex-PHCN workers may just be 16 months cost based on the revenue invoice.
“As I speak to you, our monthly revenue profile or invoice profile in the market at 4,000 mw is in the region of 20 - 23 billion Naira, which means what we paid Labour can be seen as 16 months cost.”
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Source: Daily Trust