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Nigeria’s Lawmakers Mandate N500 Billion Recapitalisation for Power Firms

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Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • House demands electricity distributors recapitalise to improve infrastructure and services
  • DisCos criticised for controversial metering practices and lack of investment

Lagos, Nigeria – Nigeria’s House of Representatives has mandated electricity distribution companies (DisCos) to recapitalise to a minimum of N500 billion to enhance their ability to deliver reliable services. The decision, adopted on Wednesday, followed a motion titled “Need to Address the Activities of Distribution Companies in Nigeria,” moved by Ayokunle Isiaka, a member of the House.

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