How Nigeria paid $137 million in two years for gas and electricity that were never used in the “take or pay deal” The Nigerian minister of finance, budget and planning, Zainab Ahmed, has said that the country has spent N1.3 trillion as intervention fund in the power sector between 2007 and 2021 without significant result. The money was approved in 2017 to tackle the monthly liquidity challenges faced by GenCos, as the distribution companies (DisCos) keep defaulting in paying for the monthly invoice of electricity received. READ ALSO: I…
Read MoreNigeria Spends N1.3trn To Help GenCos, DisCos In 14 Yrs – Minister
