National Economic Council-NEC has constituted an ad-hoc committee to review the ownership of Power Distribution Companies, Discos.
National Economic Council also approved additional investment of 250 million dollars into the Nigeria Sovereign Investment Authority-NSIA.
Briefing State House correspondents after the NEC meeting presided by Vice President Yemi Osinbajo at the Council Chamber Presidential Villa, Abuja, the Imo State Governor, Emeka Ihedioha said that government is desirous to reside the ownership structure of Power Distribution Companies.
According to him, the review of ownership structure of DISCOS will be chaired by the Governor of Kaduna State, Nasir el-Rufai and will have Governors representing the six geo-political zones on the Board of the Niger Delta Power Holding Company.
Reports indicate that the federal government is considering taking ownership over the distribution assets from the investors.
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