The Nigerian Government says it has settled N120 million out of the $1.3 billion gas debt that has kept the nation in an unresolved electricity supply challenge.
The Decade of Gas Secretariat Director, Ed Ubong, disclosed
this on Thursday at the ongoing 7th Nigeria International Energy Summit in
Abuja.
“As of last year, that (gas debts) was about $1.3 billion,
depending on how you add up the numbers. But I am pleased that the government
has paid over $120 million between October and the end of January to offset
some of that money,” Ubong stated.
Recall that electricity consumers in Nigeria have continued to suffer electricity outages since January this year.
The Minister of Power, Adebayo Adelabu, had blamed gas
constraints for the drop in power supply in Nigeria.
Despite setting up a committee to tackle the challenge, the
country’s power supply shortage persisted.
The recent vandalization of the Transmission Company of
Nigeria’s Tower 70 along the 33kV Gwagwalada-Katampe line has further worsened
the electricity challenge in the country.
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