Electricity distribution companies in the country are expected to repay in four months N 9 . 96 bn of the debts owed to the Central Bank of Nigeria.
In September 2014 , about a year after the privatisation of the power sector, the CBN introduced a N213 bn intervention fund , called the Nigeria Electricity Market Stabilisation Facility .
The NEMSF , a loan facility with a 10 – year repayment period , was meant to assist the generation companies and the Discos to settle legacy gas debts, execute agreed metering and maintenance programmes , and finance procurement of transformers and other equipment .
The Nigerian Electricity Regulatory Commission , in its Multi – Year Tariff Order 2020 for the Discos , gave the power firms minimum remittance thresholds with respect to the CBN loan .
Enugu Electricity Distribution Company is expected to repay N 1 . 65 bn from September to December; Benin Disco , N1 . 47 bn ; Abuja Disco , N1 . 45 bn ; Ibadan Disco , N1 . 25 bn ; and Kaduna Disco , N1 .01 bn .