Federal Executive Council approves debt owed to Power Distribution Companies, Discos by the Federal Government

The Federal Executive Council has approved the settlement of twenty five point nine billion naira debt owed Power Distribution Companies, Discos by the Federal Government.
The Minister of Works, Power and Housing, Babatunde Fashola briefed newsmen at the end of a Federal Executive Council meeting presided over by President Muhammadu Buhari.
According to him, the amount, which has been verified, was owed by Federal Government’s Ministries, Departments and Agencies.
He also disclosed that the verification of the amount owed by states and Local Governments is still on-going.

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