Nigeria: Gas companies refuse to supply power firms over $1.3 billion owed by government

  1. Nigeria: Gas companies refuse to supply power firms over $1.3 billion owed by government
Location:
Lagos, Lagos, Nigeria, Nigeria, West Africa
Incident Date: February 22, 2024
Instability Rating Max 5.0: 2.50
DESCRIPTION::

gas companies in Nigeria had refused to resume the supply of gas to power generation companies unless all outstanding debts were offset. gas companies were being owed $1.3 billion, and that informed their decision to stop the supply of gas to all the gas-fired power plants since January. The Minister of Power, Adebayo Adelabu, has assured Nigerians that power would be fully restored soon.

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