PHCN owes over N88.44 bn on gas supplies – Nnaji

Barth Nnaji, the Minister of Power, on Wednesday said that the PHCN currently owes over N88.44 billion on gas supplies.

A statement issued by Cdon Adinuba, the Special Adviser on Media to the Minister, said that Mr. Nnaji made the disclosure at a public lecture in Abuja.

The lecture was organised by the Nigerian Academy of Science in Abuja.

According to the minister, the PHCN owes Agip N60 billion, Shell N12.14 billion, Nigerian Gas Company (NGC) N10 billion, NIPP N6 billion and Ibom Power N300 million.

The minister said that with a new tariff coming into force on June 1, the PHCN should be able to pay for gas and power supplies promptly.

He said that PHCN is being owed N110 billion by various customers, including governments and their agencies, which accounts for 20 per cent of the debts.

He attributed the cause of the ongoing power crisis to non-availability of gas.

The minister said that the gas issues are principally because of poor coordination among the ministry of power, the ministry of petroleum resources and the agencies under them.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie - +2347088095401

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.