Power: FG Releases N8bn For Distribution Companies

[Shola Sholaz]

The Federal Government has released N8.27 billion for Distribution Companies (DISCOs) and Power Generating Companies (GENCOS).
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A statement issued on Wednesday in Abuja by Mr Paul Nwabuikwu, spokesman for the Coordinating Minister for the Economy, Dr Ngozi Okonjo Iweala, said the money was released, following approval by President GoodLuck Jonathan.
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"N8.27 billion was specifically released to the Federal Ministry of Power for the DISCOs and GENCOs, following approval by President Goodluck Jonathan,'' It said that the Ministry of Finance had paid N72.7billion to the Federal Ministry of Power, so far this year, to cover various items in line with the implementation of the power roadmap.