The PHCN was further unbundled into 18 companies, including the Transmission Company of Nigeria (TCN), which took over the transmission sector. TCN's responsibilities include operating the national grid and ensuring efficient power wheeling at high voltage. Despite its transformation, the nostalgic cry of "Up NEPA!" still resonates with Nigerians, reflecting both the challenges and memories associated with the defunct utility.
In a strategic move to address the identified gaps in Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. In a statement signed by Head, Public Communication, Bureau of Public Enterprises (BPE) Amina Tukur Othman, the loan will provide funding…
FG secures $500b world bank loan to boost Discos peoplesdailyng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peoplesdailyng.com Daily Mail and Mail on Sunday newspapers.
FG Secures $500m World Bank Loan To Bolster Electricity Distribution leadership.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leadership.ng Daily Mail and Mail on Sunday newspapers.