The FG has recently approved the sum of N26bn as payment for debt owed by its Ministries, Departments and Agencies (MDAs) to electricity distribution companies out of a total claim of N67.1bn. The FG also approved that the approved N26bn be set-off against the amount owed by the Discos to the Nigerian Bulk Electricity Trader, a 100% Federal Government-owned Company for their unremitted collections for energy taken which amounts to a debt of about N500bn.
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