As three Discos
get $9m annual
grant from US
govt
Chineme Okafor in
Abuja
The Minister of
Power, Works and
Housing, Mr.
Babatunde Fashola on
Monday said
repeated sabotage
of petroleum
pipelines in the south
was regrettable. He
also said the impact
was far-reaching.
Fashola said in his
remarks during the
signing of
agreements
between the United
States Agency for
International
Development
(USAID) and three
electricity distribution
companies (Discos)
for the provision of
$9 million grant
annually to upgrade
their performances.
The grant will see
the Discos – Abuja,
Ibadan and Eko –
have embedded
advisors work with
them to improve
their operational
performances.
The three Discos
signed the
agreement in Abuja
with the United
States Ambassador
to Nigeria, Mr.James
Entwistle.
Further details later