Nigerian electricity consumers may soon see relief as the Federal Government announces progress in resolving the gas supply issue plaguing power generation in the country. Over $120 million of the $1.3 billion owed to gas companies has been paid, signaling hope for improved power supply.<\/p>\n
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The ongoing power crisis, characterized by a significant drop in generation since the beginning of the year, has been attributed to gas suppliers halting supply due to the sector’s indebtedness. Nigeria heavily relies on thermal power plants for over 70% of its electricity, exacerbating the situation caused by the disruption in gas supply.<\/p>\n
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Minister of Power, Chief Adebayo Adelabu, has established a committee to address the funding challenge, emphasizing that the debts owed to gas-producing firms amount to $1.3 billion. However, during the 7th Nigeria International Energy Summit in Abuja, Director of the Decade of Gas Secretariat, Ed Ubong, revealed that the government has cleared $120 million of the gas debts.<\/p>\n
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Ubong expressed optimism about ongoing efforts to mitigate the crisis, including the development of frameworks to address the legacy issues. He emphasized the importance of building capacity in the gas sector to sustainably resolve the challenges facing the electricity industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nigerian electricity consumers may soon see relief as the Federal Government announces progress in resolving the gas supply issue plaguing power generation in the country. Over $120 million of the $1.3 billion owed to gas companies has been paid, signaling hope for improved power supply. The ongoing power crisis, characterized by a significant drop […]<\/p>\n","protected":false},"author":14,"featured_media":21520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-21519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=21519"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21519\/revisions"}],"predecessor-version":[{"id":21521,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21519\/revisions\/21521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/21520"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=21519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=21519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=21519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}