Business The New Electric Power Companies (DISCOS) Make N23bn Monthly, Says FG -

[Vunderkind]

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.”

Click here to read more

Source: Daily Trust

 

[samdogo]

Shame to all who ran NEPA/PHCN. What huge revenue accrued when they managed power holding yet little or no electricity for
Nigerians

 

[curator]

Shame to all who ran NEPA/PHCN. What huge revenue accrued when they managed power holding yet little or no electricity for
Nigerians

Do we have power now?

 

[LequteMan]

More money less power supply.