2 August 2014

Nigeria: FG to Ramp-Up Power Supply to 5000MW With Short Term Creative Measures

The federal government Saturday rolled out what it called a pragmatic and creative short term approach to address challenges in Nigeria's gas-to-power.

The new measures, it said, are expected to ramp-up on grid power supply in the country by at least 5000 megawatts (MW) within the next two months.

In an inter-ministerial press briefing that included the ministries of petroleum resources, power, Nigerian Electricity Regulatory Commission (NERC), Central Bank of Nigeria (CBN), amongst others, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke stated that a N25 billion outstanding legacy debts owed to gas suppliers will be paid off by the CBN.

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