Recent electricity crisis fit continue unless di Federal Government address di mounting debts for di power sector, not enough investment for gas production and weak infrastructure, industry stakeholders don warn.
Dem talk say di failure to set up one sustainable payment mechanism for gas suppliers dey undermine electricity generation, while not enough transmission infrastructure and poor commercial arrangements don continue to frustrate efforts to improve supply.
Di stakeholders talk dis at di sixth annual conference of di Power Correspondents Association of Nigeria for Abuja, where dem identify financial and structural challenges wey dey threaten di kontri ambition to achieve $1tn economy by 2030 through reliable and affordable electricity.
Di concerns come amid renewed electricity supply disruptions across di kontri. On 5 November, di Nigerian Independent System Operator attribute one decline for national grid generation to not enough gas supply to thermal power stations and reduced water wey dey enter hydroelectric reservoirs, wey result to shorter supply hours and increased load shedding.
However, di Nigerian National Petroleum Company Limited later talk say im gas transportation network still dey available, argue say gas production, commercial supply arrangements and actual deliveries to power stations must be examined separately.
Speaking at di conference, di General Manager, Gas Commercial, Nigerian National Petroleum Development Company, Bashiru Adoke, talk say di gas-to-power crisis no be something wey nobody fit solve but warn say to resolve am go need sustained investment and one reliable payment structure.
E identify di inability of power market operators to pay for gas wey dem supply to generating companies as one of di biggest obstacles to stable electricity generation.
According to am, electricity generation companies dey receive insufficient payments for di power wey dem produce, wey make am difficult to settle gas invoices and sustain supply.
"There is no robust mechanism for payment of gas supply, because di proceeds from di market no even enough to pay for gas supply. If you see di invoice monthly for energy generated, e be about 40 per cent and di gas take about 60-75 per cent of production cost.






















