This was mentioned on Friday in a statement he issued on X by the Minister of Power, Adebayo Adelabu.
The Nigerian Government has blamed gas shortage for the lack of constant electricity in some parts of the county.
This was mentioned on Friday in a statement he issued on X by the Minister of Power, Adebayo Adelabu.
The minister said the findings of his team had revealed that the main cause of poor power supply was the low supply of gas to generation companies (GENCOs).
He added that he visited the facilities in Olorunshogo, Ogun State, and Omotosho, Ondo State on Thursday to examine the current state of things there.
The minister continued: “During our meeting, we also addressed the indebtedness to GENCOs by Nigeria Bulk Electricity Trading Company (NBET). While acknowledging the sector's liquidity challenge, we are working on validating the debt and determining a fair resolution.
“I emphasized the importance of GENCOs establishing contractual arrangements with gas suppliers to ensure a steady gas supply. Recognizing concessions may be needed, I assure you that we are committed to working on this to stabilize the power sector.
“To tackle the gas supply and liquidity challenges, I've decided to form a committee involving all stakeholders. Together, we will work on recommendations to resolve these issues and ensure a more reliable and consistent power supply for our citizens.
“A plan has also been established to initiate discussions with the Minister of State for Petroleum Resources regarding collaboration and to emphasize to the Ministry the importance of prioritizing Gas to Power.
“Our commitment is unwavering in addressing the challenges affecting power supply. We understand the impact on citizens, and our goal is to swiftly resolve the issues of gas supply, indebtedness, and overall sector stability. Your patience is appreciated as we work collaboratively towards a brighter, more reliable energy future for Nigeria.”