Nigeria’s abundant gas resources fail to end electricity blackout

The inability to get more gas to generate energy and some constraints in transmission as well as distribution denied electricity users 21,242MW in six days of last week. Daily Trust reports.

Our reporters gathered that part of the problem that recently contributed to poor generation was that the thermal plants could no longer get much gas from their suppliers as the debts mounted.

It was learnt that the Federal Government has suspended the N701 billion payment assurance guarantee initiated by the Minister of Power, Works and Housing, Mr Babatunde Fashola, as an intervention to ensure that the GenCos have over 50 per cent every month to pay their bills including for gas.

Published in Daily Trust, 14th May, 2018