
FG Directs Discos To Stop Cash Payment From Consumers
The federal government had regulated electricity distribution companies (DisCos) to utilise electronic platforms for the payment of energy bills across the country.
The Nigerian Electricity Regulatory Commission (NERC) declared the motility is to lessen the aggregate technical, commercial and collection losses the DisCos are battling with.
The commission asked the DisCos to leverage available banking channels approved by the Central Bank of Nigeria (CBN) to ensure prudence in the utilization of market funds.
While the power firms have until January 31 to migrate industrial and commercial customers to their cashless electronic platforms, they have till March 31 to move …