Kano DISCO Currently Operating at Loss – MD

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The Managing Director of Kano Electricity Distribution Company (KEDCO), Alhaji Jamilu Isyaku Gwamna has explained that the company has been operating at a loss since it took over from the Power Holding Company of Nigeria (PHCN).

Gwamna recently explained that while the company is generating between N1.2bn and N1.3bn revenue monthly, it is buying electricity worth N2.2bn and N2.5bn for onward distribution to customers every month.

He said: “We are also paying N400m as salaries to our workers monthly while running expenditure stood at over N100m. The Managing Director added that of the 63,000 meters the company inherited, only 20,000 generate 30 per cent of the expected revenue to the company.

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