In 2023, Eko Electricity Distribution Company (EKEDC) has committed to providing clients with 20 hours per day of continuous electricity.
The statement was made to reporters on Thursday by Tinuade Sanda, the managing director of EKEDC, who also stated that as of December 2022, the firm owed more than N116 billion in debt.
According to her, network vandalism cost the corporation N2.5 billion as of December 2022, and according to the current market valuation, the cables should be worth N5 billion or more.
She stated, “As we continue to receive electricity from the power grid, we want to work toward assuring a minimum 20-hour electricity supply.
“Installation is still proceeding, and 80 of 150 have been completed. Our proximity to our clients is growing. In order to be more accessible to our customers, we tend to decentralize more.
“Over N116 billion in total debt is owing to our company, with roughly N40 billion in debt coming only from Ministries, Departments & Agencies, or MDAs.”
