Lagos MDAs, Residents, Others Owe Us N116bn – Eko Disco

EKEDC says Lagos MDAs and residents owe the company N116 billion.

Eko Hot Blog reports that the management of Eko Electricity Distribution Company (EKEDC) has decried the huge debt being owed to the company.

Speaking with journalists on Thursday, the EKEDC Managing Director, Dr. Tinuade Sanda, said the company was being owed over N116 billion as of December 2022.

According to Sanda, Ministries, Departments, and Agencies (MDAs) alone owed it N40 billion.

She also disclosed that, as of December 2022, vandalism in EKEDC’s network rose to the cost of N2.5 billion.

“Debts alone from Ministries, Departments & Agencies, MDAs, is about N40 billion, while the total debts owed our company is over N116 billion,” the EKEDC MD said.

Sanda also disclosed plans to provide 20 hours uninterrupted daily electricity supply to EKEDC customers in 2023.

“We want to work towards ensuring minimum 20 hours electricity supply as we continue to get electricity from the power grid. Installation is still ongoing and we have done 80 out of 150. We are moving closer and closer to our consumers. We tend to decentralize more so that our consumers can reach us,” she added.