FG moves to boost power supply with N701 bn gas guarantee

FG moves to boost power supply with N701 bn gas guarantee

The Federal Government has moved to resolve a critical challenge facing power supply in the country by approving N701billion as Power Assurance Guarantee for the Nigerian Bulk Electricity Trading (NBET). The move will guarantee payment for gas supplied for power generation and could act as an incentive for improved gas supply to power generating plants…

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