Minister of Power, Works and Housing, Mr. Babatunde Fashola on Wednesday said that lack of finance to pay for the supply of gas to power stations was responsible for the drastic drop in the electricity supply being currently experienced across the country. Briefing State House correspondent alongside his counter, the Minister of Information, Alhaji Lai Mohammed at the end of the meeting of the Federal Executive Council, FEC presided over by the Acting President, Yemi Osinbajo at the presidential Villa, Abuja, the minister added that the fire incident at Afam flow station escalated the situation.
He also lamented the destruction of pipeline and other key infrastructures by hoodlums. The Minister, however, said that he was in talks with gas suppliers just as he stated that repairs were ongoing at the station, assuring that there was an improvement at the moment.
He said: “We heard there was liquidity problems, gas suppliers haven’t been fully paid you have back and forth between DisCos and GenCos. So, those are the issues. Apart from the sabotage that we have had from the Western axis of the Niger Delta, so the Escravos Lagos pipeline is not operational, the Forcados export terminal too has been out of operation. Read more