FG offers N200bn to power sector to boost supply

We are very confident that this will get the desired resultThe Nigerian National Petroleum Corporation (NNPC) Group Managing
Director, Mele Kyari, revealed Wednesday that the Federal Government has
paid more than N200 billion to the power sector in a bid to boost the
country’s electricity supply.

Mr Kyari made the comment in Abuja
after a closed-door meeting with the NNPC team; Usman Mohammed, Managing
Director of the Nigerian Transmission Company; and Sale Mamman, Power

He noted that the fund would allow companies producing power to clear up their indebtedness to gas firms.

“Actually the Federal Government has made payments of over N200bn for power in the last two to three days.

will go a long way in making sure that those payment issues are resolved. And we are engaging as a government and as a team to make sure that those payment issues are fully settled,” the NNPC chief said.

company had ramped up gas supply for power generation, he said, and
issues around power supply were being tackled at present.

“This also means that Nigerians will get better access to power during this lockdown period and going forward.

are issues around power supply process and we have discussed most of
them and we are moving as a team to make sure that we resolve issues
around payment and evacuation.

“We are very confident that this
will get the desired result. We will visit some power plants tomorrow to
make sure that we sort out any issue to ensure that Nigerians have
access to a better power.”

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