News

Power: Niger and Benin settle $64 million of debt to Nigeria

  • Comments   -   Wednesday, 15 November 2017 - 16:38

(Ecofin Agency) - Settling a debt for power supplied, Niger and Benin have paid Nigeria $64 million (CFA35 billion). This was disclosed by Babatunde Fashola, Nigeria’s minister of power. 

Last May, the two countries which get power from Nigeria, paid about $159 million to the Nigeria bulk electricity trader (Nbet). 

Nigeria currently goes through a power crisis that affects its whole economy. In Q1 2017, the country generated around 3.7 GW while its demand was 15 GW, according to the National Bureau of Statistics (NBS). 

A reality which does not concern Niger which depends on 60% of its neighbor’s electricity.

In regards to the probability of power suspension in 2018 by Nigeria, Niger’s minister of energy, Amina Moumouni reassured that no suspension is planned and that the supply agreement signed by the two countries is still effective.

Guevanis DOH

Nigeria will commission its first nuclear power plant within the next decade,...
Read more |  18 May 2018
Côte d’Ivoire is reinvigorating land management. Indeed, after having announced more speed...
Read more |  18 May 2018
In Rwanda, cut flower exports generated $2.8 million between July 2017 and March...
Read more |  18 May 2018
Paul Obambi (photo), owner of the Congolese company SAPRO SA, seeks a...
Read more |  18 May 2018
Manas Resources concluded an agreement with Perseus Mining to acquire its Mbengué...
Read more |  18 May 2018
In Morocco, the agricultural inclusive and sustainable development support program (PADIDFA) will...
Read more |  18 May 2018
Nigeria will commission its first nuclear power plant within the next decade,...
Read more |  18 May 2018
In Rwanda, cut flower exports generated $2.8 million between July 2017 and March...
Read more |  18 May 2018
Manas Resources concluded an agreement with Perseus Mining to acquire its Mbengué...
Read more |  18 May 2018
In Morocco, the agricultural inclusive and sustainable development support program (PADIDFA) will...
Read more |  18 May 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.