Health Care

Niger, Benin Repulic pay Nigeria $64.6bn for power supply

Niger, Benin Repulic pay Nigeria $64.6bn for power supply”

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.

He spoke at the 21st Monthly Power Sector Ministerial /Stakeholders meeting in Asaba, Delta State. So we have a total of $64,630,055 that has been recovered.

He noted that disbursements of the recovered funds to beneficiaries by the NBET would shortly commence, and that eligible beneficiaries would get paid their monies in this regards.

On August 9, 2017, The PUNCH had exclusively reported that the NBET and the Transmission Company of Nigeria jointly wrote to the power firms of the Republics of Benin and Niger, demanding the payment of an outstanding $115.91m (about N35.4bn at the official exchange rate of N305 to a dollar) for electricity supplied to both countries by Nigeria.

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.

Similarly, NBET in August disclosed in this regards that during the worldwide customers owed Nigeria about $115.91 million, with the CEB of Benin Republic reportedly owing $101.46 million while NIGELEC of Niger Republic owed $14.45 million.

He said, the Nigeria Electricity Bulk Trading Company (NBET) is expected to work out the modalities before onward distribution of the fund to the Electricity Distribution Companies (DisCos).

Similarly, Fashola, in his report of progress, said the sector has made since he took over as minister, claimed that critics of the government were finding it hard to accept the level of progress the sector has recorded so far.

On estimated billing and metering, he also explained that government and sector operators were anxiously awaiting the guidelines from the regulator, Nigerian Electricity Regulatory Commission (NERC) to open up the meter supply business.

Hinting that the ministry signed the EPC contract for the Mambilla Hydro power project, Fashola said the New Asaba Main 2x15MVA injection substation among other recently or soon to be commissioned projects is a pointer to the fact that huge progress is being made in the journey towards incremental, steady and uninterrupted power. Your honesty inspires us to continue.

Addressing heads of DISCOS across the country in the power sector, the minister said generation has hit 7,000mw due to the stable peace in the gas producing area of Niger Delta region.

"This is a fair balance and now that the waters are going down it is also the time for us to prove our mettle by stabilizing upward, the power being generated. I know that the capacity we have will be enough to pull us through to the next rainy season", he added.

Like this



14 November 2017
Brokerages Expect Petroleo Brasileiro SA- Petrobras (PBR) to Announce $0.15 EPS
Acadian Asset Management LLC lifted its stake in shares of Petroleo Brasileiro S.A. - Petrobras by 955.6% in the 2nd quarter. Eqis Capital Management Inc. boosted its stake in Petroleo Brasileiro S.A. - Petrobras by 8.5% during the second quarter.

14 November 2017
Next general election to be held on basis latest census: CCI
The PPP, which is the ruling party in Sindh, demanded in the meetings that the matter must be resolved in a CCI meeting. Consequently, the constitutional amendment bill had been tabled in the assembly for approval.

14 November 2017
How major USA stock indexes fared on Monday
The Russell 2000 index of smaller-company stocks dipped 0.21 points, or 0.01 percent, to 1,475.07. S&P 500 measures the performance of 500 widely held common stocks of large-cap US companies.

14 November 2017
2 record-breaking cats missing following metro Detroit house fire
They also had another feline named Sirrius who did not hold any world records, but did hold a place in the couple's hearts. The Farmington Hills Fire Department says the cause of the fire on Quaker Valley Road remains under investigation.

14 November 2017
Clemson vs. USC play at 7:30pm on ESPN
Columbia, S.C. (WOLO)- The Gamecocks and Tigers will renew their annual grudge match under the lights in Williams Brice Stadium. Maryland trailed by 26 with 2:20 left in the third quarter but began chipping away as the Gamecocks grew exhausted on defense.

14 November 2017
Accountability Court adjourns proclamation proceedings against Hussain, Hassan
On October 9, the court had accepted NAB's plea to declare the brothers proclaimed offenders and conduct their separate trial. Investigation officers of NAB recorded their statement and gave details of four bank accounts in the name of Hussain Nawaz.

14 November 2017
Flames Light Up the Blues 7-4
Louis at 11:46, Ferland replied with a power-play goal for the Flames 45 seconds later. But 12 seconds later, Tarasenko one-timed a pass from Schwartz to tie it again.

14 November 2017
Marc Maron discusses Louis CK's sexual harassment
The 50-year-old comedian released a statement to the media apologizing for his actions and confessed the allegations are true. It's probably the best time to be his friend when he needs to make changes in his life". "It's a predicament for them".

14 November 2017
Google Doodle celebrates 131st anniversary of hole puncher Gerben Steenks
Soennecken, who fittingly also introduced the ring binder, filed a patent for the hole puncher on November 14, 1886. The reach of the doodle is across Europe, North America, Brazil, Australia, New Zealand and India.

14 November 2017
'Avengers: Infinity War' trailer is 'badass,' star says
Since a film of this scale hasn't been done before, one can only hope that the character's don't get lost in all of the spectacle. And you kind of can sometimes guess where they're going to take it, a little bit.