The electricity generated by power generation companies is transmitted by the TCN to power distributors, who then distribute the product to final consumers.
“It is important we reset those distribution companies on the path of sustainability so that we don’t continue to put money in a company that doesn’t deliver as expected,” he stated. On ways to reset the fortunes of the Discos, the TCN boss stated that there had been a push for the recapitalisation of the Discos, adding that this was also one of the ways to correct the mistake that was made when the sector was privatised.
After exploit money through their estimated billing from people, they re owing debt from TCN
uzemerald
Make prepaid Meters available and affordable (N15k) and things will change for better.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hurdles before AMCON’s N5.4tr debt recovery bid (1) - The Nation NewspaperFour years to its liquidation, the Asset Management Corporation of Nigeria (AMCON) is still battling to recover over N5.4 trillion debts. In eight years
Source: TheNationNews - 🏆 6. / 69 Read more »
Quoted Companies Seek Alternative Financing Over Downtrend In Equities MarketSlow-down in equity financing of listed companies on the Nigerian Stock Exchange (NSE) reflects the downtrend of the equities market as companies seek other alternative means or debt market in boosting their working capital. OLUSHOLA BELLO, writes. Slow-down in rights issuance of listed companies on the Nigerian Stock Exchange (NSE) market is a mere reflection, […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
As Indigenous Wire Companies Continue To Suffer SetbacksStiffed competition from substandard and imported products, market structure, security challenges, the burden of neck breaking tax, epileptic power supply, high cost of production and draconian loan, are a combination of the setbacks that have continued to put impediments on some Nigeria supposedly giant industries, reports Beatrice Gondyi One ‘made in Nigeria’ product that […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »