Power Sector Gas Suppliers Paid N220Bn By FG – Minister
The Minister of Power, Saleh Mamman, has confirmed the payment of N220 billion to companies supplying gas to the power sector.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, had announced the government’s decision to pay the money on Wednesday.
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Mamman on Thursday disclosed that the payment covered outstanding debts and 3 months upfront.
“Sequel to my meeting with the GMD of NNPC Group Kyari and the MD of NDPHC Chiedo Ugbo earlier today, the total sum of ₦220 Billion has been released representing outstanding debts and 3 months upfront payments to Companies supplying Gas to the Power Sector,” he said.
He also told consumers that the payments would ensure tremendous power supply.
“I would like to assure Nigerians that I and the Nigerian Government shall continue to explore all channels available to improve electricity supply across the country during the COVID-19 pandemic and most importantly beyond this period.
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“I also want to inform Nigerians that recent efforts to improve the power sector have paid off and that we have recorded a significant historic rise in daily generation output of Electricity,” Mamman added.
