The Federal Government has completed the takeover of four electricity distribution companies and constituted the board of the Nigeria Electricity Liability Management Company.
Vice President Yemi Osinbajo, on Friday, said the newly constituted board of the Nigeria Electricity Liability Management Company would enhance ongoing efforts to resolve the liabilities relating to tariff shortfalls for power distribution companies nationwide.
Osinbajo made the assertion in his remarks delivered virtually at the inauguration of the new 10-member board of NELMCO.
The Vice President also mandated the board composed of Ministers of Finance, Power, and others to protect the interests of the society, particularly ordinary citizens.
