FG Commences Payment of N185bn Gas Debt to Revitalize Energy Sector

The Federal Government of Nigeria has commenced the payment of a long-standing N185 billion gas debt to boost the gas industry and stabilize power generation. This decision, authorized by President Bola Ahmed Tinubu and endorsed by the National Economic Council led by Vice President Kashim Shettima, aims to address past supply strains, cash flow hindrances, and operational challenges in the energy sector.

The move is expected to restore investor confidence, unlock gas supplies, and enhance Nigeria's power generation capacity. Minister of State for Petroleum Resources, Ekperikp Ekpo, hailed the decision as a significant intervention to strengthen Nigeria's gas sector and ensure sustainable power generation.