Niger, Benin Repulic pay Nigeria $64.6bn for power supply

Babatunde Fashola PHCN power supply

The federal government of Nigeria said it has recovered the sum of $64.630, 065 billion from Niger and Benin republic as part payment for electricity supply to the two nieghbouring countries.

Minister of Works, Energy and Housing Babatunde Fashola (SAN) made this known at the 21st monthly power stakeholders meeting in Asaba Monday.

Addressing heads of DISCOS across the country in the power sector, the minister said generation has hit 7,000mw due to the stable peace in the gas producing area of Niger Delta region.

According to the minister, “for the first time in the history of power sector, hydro and gas combined together to improve electricity needs of the country.

“This is a fair balance and now that the waters are going down it is also the time for us to prove our mettle by stabilizing upward, the power being generated.

“We have also been able to recover $64.630, 065 billion from Niger and Benin republic as part payment for electricity supply to the two nieghbouring countries,” the minister added.

Speaking further, Fashola tasked Nigerian lawmakers on the need to come up with legislation prohibiting encroachment on the right of way of power lines, vandalization of electricity installations and another that will support collection of bills among others.

The minister appealed to electricity consumers to pay their bills regularly without which DISCOs would find it difficult to provide services, adding that the greatest challenges facing consumers were estimated billings and insufficiency in mater which he said were being addressed by Nigeria Electricity Regulation Commission (NERC).

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This story originally appears on Daily Post

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