FG allocates N15 billion for electrical energy payments debt of MDAs

The Federal Authorities of Nigeria has allotted N15 billion for the settlement of electrical energy invoice debt for ministries, departments, and companies, in response to the proposed 2025 price range.

Nairametrics can’t verify if this allocation is for a full or partial settlement of the money owed.

Electrical energy Distribution Firms usually complain of mounting money owed owed by authorities companies and ministries at state and federal ranges.

Nigerian Authorities reportedly owed N100 billion

Nairametrics reported earlier this yr that MDAs owed about N100 billion in electrical energy excellent money owed, in response to the Govt Director of the Affiliation of Nigerian Electrical energy Distributors, Sunday Oduntan.

Mr Oduntan stated this in February 2024 in an interview with Come up Information.
He made the declare weeks after President Bola Tinubu reportedly ordered the quick clearance of the excellent electrical energy invoice the villa owed the electrical energy distribution firm.
The presidency put the determine at N342.3 million after the State Home Administration and AEDC met for account reconciliation.
Mr Oduntan stated money owed stifle the expansion of the electrical energy sector, and harassed that authorities companies shouldn’t be discovered wanting on this regard.

“I stated all of us have to pay our half. On the a part of the federal government, all the time attempt to create an enabling surroundings for companies to try. All the time play your half by paying your invoice,” he stated.

“We’ve been saying this for a very long time. They didn’t begin owing from Might 2023. So there isn’t a politics or mischief right here. We’re speaking information and the way we will resolve issues,” he added.

MDAs owed over N47 billion – AEDC

Nonetheless, months after the reported clearance of debt by the Presidency, the Abuja Electrical energy Distribution Firm (AEDC) disclosed that the Presidential villa, MDAs, and the Nigerian Military headquarters owed the corporate over N47 billion in excellent electrical energy payments.

The corporate gave a 10-day discover to 86 authorities ministries, departments, and companies (MDAs) to pay up their money owed or danger disconnection.

In line with the general public announcement revealed by the AEDC in June 2024, the Nigerian Military owed N12 billion whereas the Nigerian Police Drive owed N1.3 billion. It added that the Presidential Villa had an excellent of N923 million.

Particulars of the money owed owed by another MDAs are as follows: