Nigeria, April 23 -- The Nigerian government on Monday said it has commenced the restructuring of the eleven electricity distribution companies (DisCos) in the country.

Nigeria's Minister of Power, Adebayo Adelabu, disclosed this while speaking during the visit of the Senate Committee on Power to the Ministry of Power and the Transmission Company of Nigeria (TCN) in Abuja on Monday.

The government also ordered the sale of DisCos that have been taken over by banks and the Assets Management Corporation (AMCON).

Five distribution companies are currently under the management of banks and AMCON due to their inability to repay their loans to financial institutions.

The Abuja DisCo is under the management of the United Bank of Africa (UBA), ...