Federal Agencies Owe N90 billion Electricity Debt

The unpaid electricity bills of ministries, departments and agencies of the Federal Government, including military and para-military organisations have exceeded 90 billion naira.

It was learnt that though discussions were ongoing as regards its settlement, the debt had continued to pile up over the years since the power sector was privatised in November 2013.

Power distribution companies told newsmen that the humongous debt had put severe financial strain on the books of Discos, impacting negatively on their operations.