The Office of the Vice President, Yemi Osinbajo, has corrected what it described as “misleading media reports” indicating that the National Economic Council meeting, which held yesterday, had deliberations over ownership of electricity Distribution Companies (DisCos).
“Some of the erroneous reports was a headline that said: ‘FG May Take Over DisCos,’” said a statement by Osinbajo’s media aide, Laolu Akande.
He went to state that for the purposes of clarity and accurate records, “the ONLY issue which came up for discussions at NEC yesterday was about the quantum of state governments’ interests, if any, in the 40% shares retained by the Nigerian Government in each of the DisCos at the point of privatisation. A Committee was then constituted to review historical records and advise the Council accordingly”.