Nigerian gas distributors claim $2.6 billion shortfall

Nigerian gas distribution companies are claiming they are facing a $2.6 billion shortfall in their finances as a result of debt in the sector.
By Staff reporter 30 March 2017 0 25283

Nigerian gas distribution companies are claiming they are facing a $2.6 billion shortfall in their finances as a result of debt in the sector, according to a report from Nigerian newspaper ThisDay.

There is growing concern in the Nigerian power sector over legacy debt, which is hampering the supply of power across the country. As a result, power distribution companies do not have enough money to pay for electricity from generation companies.

Much of the debt is owed by government bodies and there have been several calls...

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