The Nigerian Government has made significant progress in addressing the $1.3 billion gas debt that has been a major factor in the nation’s ongoing electricity supply challenges. According to Decade of Gas Secretariat Director, Ed Ubong, the government has already paid off $120 million of the debt between October and January.
This development comes as a relief to electricity consumers in Nigeria who have been grappling with frequent power outages since the beginning of the year. Minister of Power, Adebayo Adelabu, had previously attributed the drop in power supply to gas constraints, highlighting the critical role of gas in the country’s energy sector.
Despite efforts to address the issue, including the establishment of a committee to tackle the challenges, the power supply shortage has persisted. The recent vandalization of the Transmission Company of Nigeria’s Tower 70 has further exacerbated the electricity crisis, particularly along the 33kV Gwagwalada-Katampe line.
The ongoing 7th Nigeria International Energy Summit in Abuja has provided a platform for stakeholders to discuss and strategize on how to overcome the obstacles facing the energy sector. With the government’s commitment to settling the gas debt and addressing the underlying issues, there is hope for improved electricity supply in the near future.
Stay tuned for more updates on this developing story. For the latest news and insights on Nigeria’s energy sector, follow Media Talk Africa.
