FG To Increase Supervision Of DISCOs - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
July 2, 2019
The Federal Government says its representatives on the Board of Electricity Distribution Companies, DISCOs has been increased from one to two, to further supervise activities in the power sector.
The Head of Public Communications, Bureau of Public Enterprises, Amina Othman in a statement said that the decision was part of the Corporate Governance Structure review for DISCOs .
Othman said that henceforth, Core Investors willhave six directors and the BPE will have one director on the board.
She said that the change was done to grant the Core Investors sufficient control of the management and operations of the DISCOs.
Othman said that the agreement to formalise theincrease in the Federal Government’s representation on the Boards of the Discoswould be concluded and implemented on or before July 15, 2019.