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CBN Disburses 14.53bn To Discos

The Central Bank of Nigeria, CBN, has disbursed a total of 14.35 billion Naira to the Distribution Companies of Nigeria (DisCos), to cover the procurement of 263,860 meters under the National Mass Metering Programme (NMMP).

According to the CBN, the facility disbursed is a loan that must be repaid by the DisCos on the basis of the previously agreed amortisation schedule. The repayment is to be deducted from payments made by consumers into the DisCos accounts with Deposit Money Banks (DMBs).

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