Power generation and distribution companies in Nigeria are not poorly funded, the Nigerian Electricity Regulatory Commission has said.
According to NERC, the funds generated from electricity fixed charges are enough to cover the operations of the distribution and generation companies before the firms are finally taken over by their respective private investors.
The Chairman of the commission, Dr. Sam Amadi, who stated this, refuted claims that power firms in Nigeria were suffering from paucity of funds.
He challenged the firms to state their demands rather than complain about financial problems.
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