FG Issues Licence To 11 Independent Electricity Distribution Network Operators (Full List)

President Bola Tinubu-led government earlier this week revealed that licences have been issued to seventeen Independent Electricity Distribution Network operators, among which 11 are currently operational.

The Federal Government revealed this in the 2022 Market Competition Report released on Tuesday by the Nigeria Electricity Regulatory Commission, an agency of the Federal Government.

The report reads in part, “The commission has also licensed 17 Independent Electricity Distribution Network operators of which 11 are operational.”

The 11 operators include:

1. Gateway Electricity Limited

2. Energy Company of Nigeria Plc

3. PIPP LVI Disco Limited

4. Bodituv Nigeria Limited

5. Uraga Power Distribution Company

6. Ariaria Independent Energy Distribution Network Ltd

7. Ladol Integrated Logistics Free Zone Enterprise

8. Babcock Consulting Limited

9. Constant Independent Electric Power Distribution Company Ltd

10. Alausa Distribution Limited

11. Notore Industrial City Limited.

Tinubu Govt Suspends Buhari’s N-Power, Begins Probe

In other news, the federal government has suspended the social intervention scheme, N-Power, indefinitely.

Naija News recalls that the N-Power Program was launched by President Muhammadu Buhari-led administration to address the issue of youth unemployment and help increase social development.

But speaking in an interview on TVC News on Saturday, Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu announced the indefinite suspension of the program, adding that the government has begun an investigation into its activities.

She stated that the decision to suspend N-Power was due to some irregularities within the scheme, adding the government has launched an investigation into the utilization of funds since the inception of the program.