Nigeria’s Lawmakers Mandate N500 Billion Recapitalisation for Power Firms

• 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.