Nigerian-government pays N200bn to offset Gencos’ gas bill

The Federal Government has in the past two to three days paid over N 200 bn for power supply in Nigeria, the Group Managing Director , Nigerian National Petroleum Corporation , Mele Kyari , declared on Wednesday .

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 N 120 bn .

Kyari spoke on the N 200 bn payment at the Abuja headquarters of the Federal Ministry of Power after a meeting with the Minister of Power, Sale Mamman ; Managing Director , Transmission Company of Nigeria , Usman Mohammed ; and Managing Director , Niger Delta Power Holding Company , Chiedu Ugbo; among others.

The NNPC boss stated that the payment would adequately help in settling the indebtedness of power generation firms to gas companies .

When asked what government was doing to resolve the non -payment for gas by power generation companies , Kyari said , “ Actually the Federal Government has made payments of over N 200 bn for power in the last two to three days .

“ This 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 . ”

He noted that gas supply for power generation had been increased by NNPC, adding that issues around power supply process were being resolved .

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