The Nigerian government has approved the payment of N130 billion to offset some of the debts owed to gas companies (GasCos) in the country, Nigeria’s Minister of Power, Adebayo Adelabu, has said.
Mr Adelabu disclosed this while speaking at the eighth edition of the Africa Energy Market Place (AEMP) Nigeria, in Abuja, on Thursday.
He explained that the president has approved the submission of the Minister of State for Petroleum Resources (Gas) to defray the outstanding debt owed to the gas supply companies to power sector operators.
