Why we export electricity to Niger, Benin, Togo - PRESIDENT MUHAMMADU BUHARI
ABUJA –THE Presidency on Tuesday explained that Nigeria entered into bilateral agreements to exports electricity to Niger, Benin and Togo so that the three countries will not build dams on River Niger. The Presidency also said that the total indebtedness of Niger to Nigeria is USD 16 million, while Benin owes USD four million, adding that the actual cost of electricity generated within 2018-2019 by all the electricity generation companies in Nigeria was about N1.2 trillion ($4 billion). The clarification came on the heels of the report by a national daily that Nigeria exports US81.4 billion electricity on credit in the midst of a persistent blackout. A statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu in Abuja, Tuesday, described the media report as “most disappointing”, adding that “sensationalism has dominated the thinking and ethos of institutions that citizens look up to with trust, confidence and reliability.”...