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DISCOS INVESTMENT IN POWER SECTOR
The Nigerian Senate has advised the Federal Government (FG) of Nigeria to sanction the sale of its 40% stake in Electricity Distribution Companies (DisCos) to foreign investors.
It seems the Transmission Company of Nigeria (TCN) is willing to waive the N270 billion debt owed by Power Distribution Companies (DisCos), as the company has disclosed the condition to erase the debt.