The Minister of Works, Energy and Housing, Babatunde Fashola (SAN), has revealed that the Nigerian Government has recovered $64.630, 065 billion from Niger and Benin Republic as part payment for electricity supply to the two nieghbouring countries.
Fashola has made this known at the 21st monthly power stakeholders meeting in Asaba Monday, saying that the generation has hit 7,000mw due to the stable peace in the gas producing area of Niger Delta region.
He said: “for the first time in the history of power sector, hydro and gas combined together to improve electricity needs of the country.
“This is a fair balance and now that the waters are going down it is also the time for us to prove our mettle by stabilizing upward, the power being generated.
“We have also been able to recover $64.630, 065 billion from Niger and Benin republic as part payment for electricity supply to the two nieghbouring countries.”
The Minister also tasked Nigerian lawmakers on the need to come up with legislation prohibiting encroachment on the right of way of power lines, vandalization of electricity installations and another that will support collection of bills among others.