FG Pays N200bn To Offset GENCOS’ Gas Bill - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 16, 2020
The Federal Government has in the past two to three days paid over 200 billion naira for power supply in Nigeria.
The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, stated this at the Abuja headquarters of the Federal Ministry of Power after a meeting with the Minister of Power, Sale Mamman.
Also, the Association of Nigerian Electricity Distributors, the umbrella body for Discos, has said the proposed two-month free electricity for customers announced by power distribution companies recently will cost a total of about 120 billion naira.
The NNPC boss stated that the payment would adequately help in settling the indebtedness of power generation firms to gas companies.
He noted that gas supply for power generation had been increased by NNPC, adding that issues around power supply process were being resolved.