|Join Nairaland / LOGIN! / Trending / Recent / New|
Stats: 2,798,826 members, 6,688,124 topics. Date: Sunday, 23 January 2022 at 10:42 AM
See The Huge Python I Killed, Was Trying To Enter My House Through Window Today / The Huge Python Benin Youths Killed Today After It Was Sighted In Edo (Photos) / The Huge Snake Caught By Soldiers In Borno State (Photos) (2) (3) (4)
|Because Of The Huge Amount Owed By Nigeria We About Experience A Total Blackout by hayze(m): 1:26pm On Nov 20, 2016|
Punchng reported that Nigeria might be in trouble Because of her huge dept, according to them there might be a total blackout as power generation as well as distribution companies say over N400bn debts are stifling their operations.
While GENCOs’ debt is put at over N300bn, DISCOs have complained of being owed over N100bn by customers.
With such a huge debt burden, the power firms said they lack the funding required for their operations, including the purchase of equipment and spare parts.
The Executive Secretary, Association of Power Generation Companies, Dr. Joy Ogaji, said:
“The debt is over N300bn that GENCOs are being owed. If the situation is not checked, there will be blackout. It is so imminent that I don’t know if most of the generation we are having now can go beyond Christmas if the payment problem is not solved. We can’t pay contractors; most of the machines are packing up.” continue http://www.possitt.com/2016/11/because-of-huge-amount-owed-by-nigeria.html
|Re: Because Of The Huge Amount Owed By Nigeria We About Experience A Total Blackout by Edwinmason(m): 1:36pm On Nov 20, 2016|
400BN and we nor dey use light
|Re: Because Of The Huge Amount Owed By Nigeria We About Experience A Total Blackout by profhezekiah: 2:24pm On Nov 20, 2016|
Nigerians with everything for free mentality
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28