What NEC discussed regarding DisCos – Presidency

Nigeria’s Presidency on Friday denounced “misleading” media reports on deliberations of the National Economic Council (NEC) on the ownership of electricity distribution companies (DisCos), at its Thursday meeting.

The Presidency, in a statement sent to The DEFENDER by Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr. Laolu Akande, referred to some of the reports it described as erroneous as one headlined, “FG May Take Over DisCos”.

Akande, for the purposes of clarity and accurate records, said, “the ONLY issue which came up for discussions at NEC yesterday (Thursday) was about the quantum of State governments’ interests, if any, in the 40% shares retained by the Nigerian Government in each of the DisCos at the point of privatization.  A Committee was then constituted to review historical records and advise the Council accordingly.”