Fg will start scheme to support power distributors fashola
It seems like you're referring to the Nigerian Minister of Power, Works and Housing, Mr. Babatunde Fashola, and the Federal Government's (FG) plan to support power distributors.
To clarify, the Federal Government has indeed announced plans to support power distributors, also known as Distribution Companies (DisCos), to improve the power sector in Nigeria. This is part of the government's efforts to address the challenges facing the sector, including inadequate power supply, high tariffs, and poor service delivery.
Some of the measures being considered to support the DisCos include:
- Tariff adjustment: The FG is considering a tariff adjustment to ensure that DisCos can recover their costs and invest in the sector.
- Funding support: The government is exploring options to provide funding support to DisCos to enable them to upgrade their infrastructure and improve their operations.
- Regulatory reforms: The FG is working to reform the regulatory framework for the power sector, including the Nigerian Electricity Regulatory Commission (NERC), to ensure that it is more effective and efficient.
- Private sector participation: The government is encouraging private sector participation in the power sector, including through public-private partnerships (PPPs), to attract new investment and expertise.
These measures are aimed at improving the overall performance of the power sector and enhancing the quality of service delivery to consumers.