Nigeria recovers over $64m electricity debts from Benin, Niger Republics - Minister

Modesto Morganelli
Novembre 14, 2017

But in his speech at a power event in Asaba on Monday, which was made available to our correspondent in Abuja, Fashola said, "I am happy to announce that we have recovered $64,630,055 from our worldwide customers in Benin Republic and Republic of Niger".

According to the Minister of Power, Works and Housing, Babatunde Fashola, the Nigerian Bulk Electricity Trading Company has been directed to work out the modalities for the distribution of the money to power producing firms across the country.

"I have signed letters last week to all 36 state governors and the Federal Capital Territory minister, with copies to each Disco asking them to support you in protecting and recovering the right of way for your distribution lines so that you can serve their states and residents better", the minister stated. The project is within the franchise areas of the Benin Electricity Distribution Company.

"So, we have a total of $64.630,055.00 million, that had been recovered, and NBET will work out the modalities for its distribution and hopefully by next month you should be able to report that you have received alert", Fashola said in his opening remarks at the meeting.

The Nigerian government has successfully recovered about $65 million owed to the country by Republic of Niger and Republic of Benin for electricity supplied to the two countries.

Our correspondent gathered that the letter was written to NIGELEC of the Republic of Niger and Community Electric du Benin of the Republic of Benin.

Nigeria supplies power to both countries under an worldwide treaty through the NBET and Transmission Company of Nigeria (TCN).

In the area of rural electrification, Fashola said the REA completed the guidelines for the operation of the rural electrification fund that will help vulnerable groups and communities gain access to funding to support their electricity development programme.

He spoke at the 21st Monthly Power Sector Ministerial /Stakeholders meeting in Asaba, Delta State.

"Our work is not driven by a quest for acknowledgment, it is driven by our belief in our own collective abilities to change what we do not accept".

The minster thanked well-meaning Nigerians who acknowledged that their experience on the power supply had improved, adding that their honesty inspired government and the operators to continue the improvement. It also means that for the first time in a long time, the gas and hydro stations combined together, it has not happened in a long time, but this time, we had a fair balance. "I know that the capacity we have will be enough to pull us through to the next rainy season".

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