By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG Plans Sale of 5 DisCo Companies
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG Plans Sale of 5 DisCo Companies

News

FG Plans Sale of 5 DisCo Companies

Tapre Timine
Tapre Timine
Published: June 14, 2025
Last updated: June 14, 2025
1 Min Read
Share
FG Plans Sale of 5 DisCo Companies | Daily Report Nigeria
SHARE

The Federal Government has announced its intention to sell off the five electricity distribution companies (DisCos) and has also cancelled a $200 million metering contract awarded earlier in 2021.

Speaking on the matter, the Minister of Power, Adebayo Adelabu identified that the banks and Asset Management Company of Nigeria (AMCON), which have been managing the DisCos due to loan defaults, lacked the necessary technical expertise.

Adelabu disclosed that the sale of the DisCos to reputable technical power operators is expected to be concluded within three months.

READ ALSO: FG Threatens to Revoke DisCo Licenses Due to Poor Supply

The affected DisCos included the Abuja Electricity Distribution Company (AEDC) managed by the United Bank of Africa (UBA), the Benin Electricity Distribution Company (BEDC), the Kaduna Electricity Distribution Company, and the Kano Electricity Distribution Company managed by Fidelity Bank.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

For the Ibadan Electricity Distribution Company (IEDC), it is currently under the management of AMCON.

The electricity blackout situation has persisted in the country, with DisCos attributing it to low grid allocations and gas shortages to generating companies (GenCos).

 

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:DisCosFGTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Unlock Your Academic Dreams in Canada: Fully Funded Scholarships for 2025-2026 | Daily Report Nigeria
Unlock Your Academic Dreams in Canada: Fully Funded Scholarships for 2025-2026
Scholarships
Social Media Erupts as Super Falcons Book Spot in WAFCON Final | Daily Report Nigeria
Social Media Erupts as Super Falcons Book Spot in WAFCON Final
Sports
Rema’s “Baby (Is It A Crime)” Becomes Most Streamed Nigerian Song on Spotify in First Half of 2025 | Daily Report Nigeria
Rema’s “Baby (Is It A Crime)” Becomes Most Streamed Nigerian Song on Spotify in First Half of 2025
Entertainment
Liverpool Mourn Legend Joey Jones Weeks After Jota's Tragedy | Daily Report Nigeria
Liverpool Mourn Legend Joey Jones Weeks After Jota’s Tragedy
Sports
VeryDarkMan Reveals Glimpse of His NGO’s New Office Space | Daily Report Nigeria
VeryDarkMan Reveals Glimpse of His NGO’s New Office Space
Entertainment

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Tinubu Appoints New CCB Chairman | Daily Report Nigeria
Politics

Tinubu Appoints New CCB Chairman

June 14, 2025
Port Harcourt, Kaduna Refineries Will Begin Operations December - Senator Ipinsagba | Daily Report Nigeria
News

Port Harcourt, Kaduna Refineries Will Begin Operations December – Senator Ipinsagba

June 14, 2025

Nigerian Newspapers: Breaking News in Nigeria Today, Sunday April 16, 2023

June 14, 2025
Nigerians to Decide on Death Penalty Abolition – Deputy Speaker | Daily Report Nigeria
Politics

Nigerians to Decide on Death Penalty Abolition – Deputy Speaker

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?