• Unable to service N402b debt
The improvement in electricity supply in recent times may be short-lived. This has nothing to do with low generation output when the rains stop or the vandalised gas pipelines, which have not been fixed. Rather it is the huge...
•CBN, NBET, huge debts, forex, vandalism blamed for woes
•NBET: We’ve paid N186bn
•CBN: GENCOs haven’t met conditions for disbursment
Nigerian Bulk Electricity Trading Plc, NBET said it has paid N186.7billion to Electricity Generating Companies GENCOs saying it is only owing them about N156 billion.
Reacting to the...
