FG says it isn’t afraid of Discos’ threat to resell firms

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The Federal Government is not frightened by the threats made by power distribution companies to quit the power sector and resell the firms at discounts.

Senior officials of the Federal Ministry of Power, Works and Housing stated that the power distributors knew the procedures to follow if truly they wished to quit the business, adding that the government would not beg them not to exit the sector.

It would be recalled that on Tuesday, last week some of the power distributors in the country had threatened to quit the sector and expressed willingness to resell the firms at discounted rates.

Source: The Punch

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