N3bn bailout discos unacceptable nlc tells fg

It seems like you're referring to a news article or a statement made by the Nigerian Labour Congress (NLC) regarding the proposed N3bn bailout for the power distribution companies (Discos) by the Federal Government.

The NLC has reportedly expressed its opposition to the proposed bailout, describing it as "unacceptable". The union is likely concerned about the potential impact of the bailout on the country's economy and the welfare of workers in the power sector.

Here's a possible breakdown of the issue:

• The Federal Government has proposed a N3bn bailout for the power distribution companies (Discos) to help them recover from their financial difficulties.
• The NLC has rejected the proposal, citing concerns about the potential impact on the country's economy and the welfare of workers in the power sector.
• The union may be worried that the bailout could lead to further privatization of the power sector, which could result in job losses and reduced services to consumers.
• The NLC may also be concerned about the lack of transparency and accountability in the management of the power sector, which could lead to mismanagement of the bailout funds.

It's worth noting that the power sector in Nigeria has been plagued by challenges, including inadequate infrastructure, corruption, and poor management. The sector has also been plagued by frequent power outages, which have negatively impacted the country's economy and daily life.

Overall, the NLC's opposition to the proposed bailout highlights the need for a more comprehensive and sustainable solution to the challenges facing the power sector in Nigeria.