The Electricity Distribution Companies, DISCOS has appealed to the National Assembly to intervene in the current liquidity crisis in the power sector.
The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors Sunday Oduntan, made the appeal in a statement in Abuja.
Oduntan said that the DISCOs needed about eight-point-seven billion naira to comply with the remittance order set by NERC.
According to the Director, the breakdown of the required amount shows that the DisCos will require a monthly amount of seven-hundred-and-twenty-five million naira to meet the threshold of thirty-five percent remittance level set by NERC in the meantime.
The Nigeria Electricity Regulatory Commission, NERC had recently notified eight DISCOs that it would cancel their licences within 60-days.
The affected DISCOS are Kaduna, Abuja, Ikeja, Benin , Enugu, Kano, Port-Harcourt and Yola.
