Peter Olaniyi |
The Federal Government of Nigeria has explained why the country exports power to neighbouring countries despite the inconsistent power in the country.
In a statement signed and obtained by our correspondent on Tuesday, President Muhammadu Buhari spokesman, Mr. Garba Sheu said the country is exporting power to neighbouring countries in order to prevent the damming of water that feeds the nation’s major power plants.
Recall that a National Daily newspaper had published a report describing how Nigeria has continued to export electricity to other countries on credit while blackouts persist within its borders.
In response to the report, the Presidential spokesman, described the report as “hyperbolic and terribly misleading” stating that the said newspaper’s credit figures were “far from accurate, out-dated and therefore not reflective of the current reality.”
Informing that over 90 percent of the electricity generated in the country was distributed and consumed by Nigerians,
Sheu revealed that as of the last review in 2019, the amount of indebtedness to Niger, Benin, and Togo stood at $69 million. Niger owes $16 million and Benin, $4 million as of today, adding up to the naira equivalent of about N1.2 billion
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