The
Federal Government has announced a N213-billion facility to help offset the
legacy gas debts and address the revenue shortfall in the power sector.
The
announcement was made during an inter-agency initiative aimed at ensuring
efficient gas supply for power generation, and finding a lasting solution to
power supply challenges.
A
statement from the spokesman of the Nigerian National Petroleum Corporation,
said the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, made the
announcement at a joint press conference held, last week in Abuja.
Members
joined in the conference were the Minister of Power, Prof Chinedu Nebo;
Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele; and the
Chairman of the Nigerian Electricity Regulatory Commission, NERC, Dr. Sam
Amadi.
Alison-Madueke
disclosed that
