• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nigerian Army Owes Us N15b – Discos

Nairametrics by Nairametrics
March 30, 2016
in Business News
Nigerian Army Owes Us N15b – Discos
Share on FacebookShare on TwitterShare on Linkedin

Nigerians have been facing the twin evil of fuel scarcity and an epileptic power supply in recent weeks. After increasing tariffs by as much as 40%, Electricity Distribution Companies have been unable to provide stable power supply of at least over 12 hours a day.

Apart from gas supply shortages caused by pipeline vandalization, the Association of Nigerian Electricity Distributors (ANEDS) has also now suggested that huge indebtedness may also be a reason for poor power supply. The discos particularly singled out government and it’s agencies claiming that it owed them over N60b.

According to, its Executive Director, Barr. Sunday Oduntan, who spoke in Abuja, the huge debts were affecting their ability to service their network and also pay up power generators. He also mentioned the Nigerian Army as the highest debtor.

RelatedStories

Adebayo Adelabu

Power sector revenue surges by N700 billion in 2024, hits record 70% growth – Minister Adelabu 

April 17, 2025
FG invests over $75 million in CNG projects across Nigeria – Olu Verheijen 

FG’s power sector policies to boost investor confidence and liquidity in Nigeria – Olu Verheijen 

February 20, 2025

“

The total amount of debt owed power distribution companies (DisCos) by ministries, departments and agencies at both the federal, state and local government levels is about N60billion. As at December last year, the total debt was N58billion, but it has grown to about N60billion as we speak.

“A large part of this debt is owed by the military. The Nigerian Army takes pleasure in beating up our staff for unjust reasons and they don’t like to pay their bills. We won’t condone this anymore and we are going to take this case up with them, particularly the recent one that happened in Abeokuta.”

He also claimed that the Army was owing Discos about N15billion which they have refused to pay, choosing instead to beat up their men.

“

The Nigerian Army keep oppressing us and often times they feel they are above the law, but this shouldn’t be. In Abeokuta, they beat up one of our official for unjust reasons and the same same group of military men who did that have not paid their electricity bills since 2013.

“The team in Abeokuta, which is the 351 Artillery Brigade, was led by one Major Musa and we use this medium to urge President Buhari to call the soldiers to order. They must know that they are not above the law.”

He also provided a breakdown of how much the Army is owing every Disco.

The army alone owe DisCos over N15billion. They owe Benin Disco N2.3billion, Eko is owed N1.9billion, Ikeja N1.6billion, Jos N2billion, Kaduna N6.6billion, Kano N301million, Port Harcourt N1.3billion, and Yola-N435million.

Tags: Power Sector
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Adebayo Adelabu
Energy

Power sector revenue surges by N700 billion in 2024, hits record 70% growth – Minister Adelabu 

April 17, 2025
FG invests over $75 million in CNG projects across Nigeria – Olu Verheijen 
Energy

FG’s power sector policies to boost investor confidence and liquidity in Nigeria – Olu Verheijen 

February 20, 2025
Eko DisCo 
Energy

Exclusive: WPG nears final stages of sale of stake in Eko DisCo 

September 13, 2024
Energy theft
Energy

“Energy theft is anti-social, criminal, scapegoats needed”- Sowunmi

April 27, 2024
electricity, power
Energy

Critical success factors to implement an efficient transmission of power- Prof. Yemi Oke

April 27, 2024
power sector, Prof. Yemi Oke
Energy

“Energy mix must align with Nigeria’s competitive advantage to improve the power sector”- Prof. Yemi Oke

April 27, 2024
Next Post

Stanbic IBTC vs FRC: Buy, Sell or Hold?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Palmpay

first bank








DUNS

Recent News

  • CHAMPION shines as All-Share Index drops 0.56%, halts 22-day winning streak 
  • Online Insurance Companies must obtain license to practice in Nigeria – Reform Act 
  • FG, NAFDAC launch task force to tackle fake drugs and unsafe foods across Nigeria 

Follow us on social media:

Recent News

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 

CHAMPION shines as All-Share Index drops 0.56%, halts 22-day winning streak 

August 8, 2025
Nigerian insurance industry, NIA

Online Insurance Companies must obtain license to practice in Nigeria – Reform Act 

August 8, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics