N47bn Debt: AEDC Threatens To Disconnect Aso Rock, 85 Others.
The Abuja Electricity Distribution Company (AEDC) has issued a 10-day notice to 86 government agencies, including the presidential villa, ministries, departments, and agencies (MDAs), urging them to settle a debt of over N47 billion owed as of December 2023. Failure to do so may result in disconnection from grid power.
Among the debtors listed are the Chief of Defence Staff Barracks
Among the debtors listed are the Chief of Defence Staff Barracks and Military Formations owing over N12 billion, followed by the Ministry of the Federal Capital Territory with a N7.5 billion debt, Ministry of Finance with over N5.4 billion debt, and Niger State Governor-Abuja Liaison Office with N3.4 billion.
Others include the Ministry of State for Petroleum, Presidential Villa, Ministry of Education, Governor of Central Bank of Nigeria, and Nigeria Police Force, among others.
The management of the company stated: “The Abuja Electricity Distribution Plc (AEDC) is compelled to publish the details of government ministries, departments, and agencies (MDAs) with long outstanding unpaid bills for electricity supply services, as previous attempts to prompt payment have been unsuccessful.
“The relevant MDAs are hereby given notice that AEDC
“The relevant MDAs are hereby given notice that AEDC will disconnect their services after 10 days from the date of this publication, i.e., after Wednesday, 28th February 2024, until they settle their debts.”
This situation reflects the ongoing challenges faced by electricity distribution companies (DisCos) in collecting revenue.
As per the Nigerian Electricity Regulatory Commission’s report, in the third quarter of 2023, all DisCos collectively collected N267.61 billion out of N349.55 billion billed to customers.
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Aso Rock is located in Nigeria’s capital city, Abuja. It is a prominent rock formation that also serves as the site for the Presidential Complex, which includes the residence and offices of the President of Nigeria.
It shocking to see that the Whole Aso rock is in debt.
Let hear your comments.
