Nigeria Receives $64.63m From Sale of Power to Benin and Niger Republics
The Nigerian Government has generated $64.6 million revenue from sale of electricity to neighbouring Benin and Niger republics, Minister for Power, Works and Housing, Mr Babatunde Fashola, has said.
Fashola gave the figure in an address presented at the 21st meeting of the Power Sector Stakeholders Conference in Asaba.
The minister said that the government had made efforts to recover the huge debt owed by its international customers to reduce liquidity challenges in the power sector.
The stressed that the federal government was working assiduously towards connecting rural areas to the national grid and appealed to people in rural areas to be patient.
Mrs. Funke Osibodu, the Managing Director, Benin Electricity Distribution Company lauded the initiators of the monthly stakeholders conference.
She said that the meeting allowed stakeholders to critically analyse their challenges and efforts towards achieving a common goal for the development of the sector.
Governor Ifeanyi Okowa of Delta, lauded BEDC for the inauguration and official switch-on of the New Asaba Interjection Substation, saying it would boost power supply in the area.