DisCos Get N248bn Relief, 10-Year Debt Restructuring

The House of Representatives Public Accounts Committee, on Thursday, approved a package of financial reliefs and a 10-year debt restructuring plan totalling N248.64bn for three electricity distribution companies — Kano, Jos and Ikeja — in a bid to ease mounting liabilities and stabilise Nigeria’s fragile power market. The figure comprises N128.60bn in accrued interest on…