Reps urge indebted DisCos to settle market obligations
The House of Representatives Committee on Power has called on electricity distribution companies (DisCos) with outstanding obligations in the Nigerian Electricity Market to urgently clear their debts, warning that persistent defaults could undermine the liquidity and long-term sustainability of the power sector. The committee, chaired by Nwokolo Onyemaechi, made the appeal on Thursday while also…
The House of Representatives Committee on Power has urged indebted electricity distribution companies (DisCos) to promptly settle their market obligations in the Nigerian Electricity Market, warning that persistent defaults could jeopardize the liquidity and long-term sustainability of the power sector. During a public hearing at the committee, the Enugu Electricity Distribution Company was among several DisCos, including Benin, Ibadan, Jos, Kaduna, Port Harcourt and Kano, that are facing outstanding obligations and compliance issues.
The committee, chaired by Nwokolo Onyemaechi, expressed concern over the accumulation of these debts, noting that failure to meet financial obligations could adversely affect the electricity market's liquidity and sustainability. The Nigerian Independent System Operator, led by Managing Director and Chief Executive Officer Abdu Mohammed, welcomed the lawmakers and highlighted the organization's role in carrying out reforms under the 2023 Electricity Act.
Mohammed emphasized the importance of sustained cooperation among the National Assembly, NISO, and other stakeholders in addressing the sector's structural and financial challenges. He also encouraged continued legislative support and constructive oversight to stabilize the national grid and improve the reliability of Nigeria's electricity supply.
Written by urgent.news from Ripples Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
