Politics

Edo, Delta, Ekiti, and Ondo States Plan Buyback of Electricity Shares

Over the weekend, Edo State government revealed ongoing discussions among Edo, Delta, Ekiti, and Ondo states to repurchase shares from the Benin Electricity Distribution Company (BEDC).

BEDC currently handles retail electricity distribution in Delta, Edo, Ekiti, and Ondo states. Governor Godwin Obaseki disclosed this development during the 2023 Delta State Executive Council Retreat in Asaba. The states had previously sold their shares in the company.

Obaseki emphasized the need for sub-national and local governments to diligently serve the people, cautioning about the challenges involved. Delta State Governor Sheriff Oborevwori announced that commissioners would sign a Performance Bond following the conclusion of the retreat.