The Nigerian Authorities says it has settled N120 million out of the $1.3 billion gasoline debt that has stored the nation in an unresolved electrical energy provide problem.
The Decade of Gasoline Secretariat Director, Ed Ubong, disclosed this on Thursday on the ongoing seventh Nigeria Worldwide Power Summit in Abuja.
“As of final 12 months, that (gasoline money owed) was about $1.3 billion, relying on the way you add up the numbers. However I’m happy that the federal government has paid over $120 million between October and the tip of January to offset a few of that cash,” Ubong said.
Recall that electrical energy customers in Nigeria have continued to undergo electrical energy outages since January this 12 months.
The Minister of Energy, Adebayo Adelabu, had blamed gasoline constraints for the drop in energy provide in Nigeria.
Regardless of organising a committee to deal with the problem, the nation’s energy provide scarcity persevered.
The latest vandalization of the Transmission Firm of Nigeria’s Tower 70 alongside the 33kV Gwagwalada-Katampe line has additional worsened the electrical energy problem within the nation.
