At last, Tinubu directs payment of N342 million electricity bill to AEDC

President Bola Tinubu Tuesday directed the immediate settlement of the outstanding N342,352,217.46 electricity bill due to the Abuja Electricity Distribution Company (AEDC).

The President’s directive follows the reconciliation of accounts between the State House Management and the management of AEDC, Special Adviser to the President on Information and Strategy Mr Bayo Onanuga, said in a statement in Abuja.

“Contrary to the AEDC’s initial claim of N923 million debt in paid advertorial in newspapers, the State House outstanding bill is N342,352,217.46, according to a letter by the management of AEDC to the State House Permanent Secretary dated February 14, 2024.

“Having reconciled the position to the satisfaction of both parties, the Chief of Staff to the President, Rt Hon. Femi Gbajabiamila, has given assurance that the debt will be paid to AEDC before the end of this week.

“Following the example of the Presidency, the Chief of Staff also urged other MDAs to reconcile their accounts with AEDC and pay their electricity bills,” the statement said.