Nigeria may lose Niger Republic’s $665m yearly energy cash

By Akinola Ajibade

Nigeria will lose more revenues from energy exports once Niger Republic starts generating her own electricity, it was gathered at the weekend.

Aside Niger Republic, the country, according to the Federal Ministry of Power, exports electricity valued at between $582 million and $665 million annually to countries such as Togo, Chad, and Benin Republic.

It exports between 350megawatts (Mw) and 400 Mw of electricity daily  to those countries, with a view to generating more revenues and meet their energy needs.

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Speaking on the side of a stakeholders forum in Lagos,  the Technical Director, Consistent Energy Limited, Mr Mohammed Etti, said Nigeria’s export earnings would dip  further once Niger Republic starts generating  electricity.

He said: “If Nigeria allows Niger Republic to dam River Niger at Fouta Djullion for her own electricity needs, the country would  not be able to export electricity to…

Read All From The Original Article on The Nation

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