Electricity: 11 DISCOs indebtedness to NBET hits N510.53bn

By Ediri Ejoh

The liquidity situation in Nigeria’s power sector has continued to witness downturn as the indebtedness of the Distribution Companies, DISCOs to Nigerian Bulk Electricity Trading Plc, NBET, increased to N510.53billion in 2020, indicating an increase of 11.2 per cent compared to N453.14billion, recorded in the corresponding period of 2019.

This debt profile accrued due to…