90% Of DisCos In Nigeria Are Insolvent – Expert

A Professor of Energy and Electricity Law at the University of Lagos, Yemi Oke has revealed that 90% of the Distributing Companies (DisCos) in Nigeria are technically insolvent.

Oke also said some Nigerian banks have found themselves in trouble due to their unprofitable investments in DisCos.

The don urged the political actors vying for presidency in the forthcoming general elections to highlight ways to address the challenge of power bedeviling the country.