The long-standing debts accumulated between February 2015 and March 2025 following verification.
Several millions of Lagos residents have continued to grope in widespread darkness in the capital city as the electricity supply worsens.
He warned that such would worsen production costs, intensify inflationary pressure, and further reduce consumers’ disposable income.
Mr Agbiche assured the public that their problems regarding electricity would be resolved without delay.
It stated that electricity supply increased to 5,909 (Gwh) in the second quarter of 2023 from 5,851 (Gwh) recorded in the year’s first quarter.
“We would like to inform that we are aware of the unstable power supply, experienced in recent days.”
The national grid had collapsed more than 10 times in 2022.
