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KEDCO Targets N48bn In 2019



The Kano Electricity Distribution Company (KEDCO) says it had put in place necessary modalities to boost its revenue generation in 2019.

The Managing Director of KEDCO, Dr Jamilu Isyaku Gwamna,  disclosed this at the just concluded marketing conference which held recently in Kano.

He said: “assessment had been done and strategies put in place, noting that the result of such assessment were already yielding the expected results. He added that such results had necessitated the N48billion target for 2019, which translates to N4billion every month.

“KEDCO’s collection before now was put at N1.5billion, adding that after the pre-restructuring strategy, collection increased to N2.7billion. We have done our assessment and based on that, strategies have been developed so as to achieve the desired result and target for 2019. Before now, our collection was put at N1.5billion.

‘‘After the pre-restructuring collection, we were able to up our collection by N1.2billion to have N2.7billion. This is huge and we hope to consolidate on that in the coming year.’’