Earlier thread: https://www.nairaland.com/6017391/nigeria-exports-81.48bn-electricity-credit

PUNCH’S INACCURATE REPORTING ON THE SALE OF POWER TO NEIGHBOURING NATIONS NEEDS TO BE CORRECTED

It is most disappointing that sensationalism has dominated the thinking and ethos of institutions that citizens look up to with trust, confidence and reliability. Monday edition of the Punch checks all the boxes in terms of an abject failure to honour these time-tested traditions with its news piece: “NIGERIA EXPORTS USD81.48bn ELECTRICITY ON CREDIT AS COUNTRY’S BLACKOUT PERSISTS,” is to say the least, hyperbolic and terribly misleading.

Apart from the fact that the figure quoted is far from accurate, out-dated and therefore not reflective of the current reality, the overall cost of power generated and sold by Nigeria in the period covered by report is not anywhere close to what was mentioned by the paper.

The actual cost of electricity generated within the said timeframe (2018-2019) by all the electricity generation companies in Nigeria was about N1.2 trillion ($4 billion).

Over 90% of the electricity generated was distributed and consumed by consumers across the 11 electricity distribution companies in the country.

Power exported to Niger, Benin and Togo based on Multilateral Energy Sales Agreement with the Government of Nigeria is on the basis that they would not dam the waters that feed our major power plants in Kainji, Shiroro and Jebba.

As of the last review in 2019, the amount of indebtedness to all three customers stood at $69 million, subsequent upon which several payments were made to NBET. Much of this has been repaid by the debtor nations.

As of today, Niger owes only USD 16 million and Benin, USD 4 million, adding up to the Naira equivalent of about N1.2bn.

The essence of said bilateral agreements, by which we give them power and they do not build dams on the River Niger means that Nigeria and her brotherly neighbours had avoided the unfolding situation of the Nile River between the sovereign states of Ethiopia, Sudan and Egypt.

In the future, we advise the newspaper to seek clarity from the market operator which is the Transmission Company of Nigeria, TCN. This process of fact checking only :improves your standing in the public arena.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
July 28, 2020

https://www.facebook.com/1636468759900542/posts/2674187539461987/

Ok

Do we believe this?



Knowing well that the govt we're dealing with are expert in denial of fact.

Ok

G

Hmmm.... Okay ooo

yawa don jas
meanwhile I make good footwears

My main concern is that the names, age, LG and state of origin and Residence, RELIGION of the reintegrated boko haram members should be made public... I want to verify something

If Nigeria was a sane country

There would be no such thing as a Buhari supporter

Ok

Garba don collect bribe

Bullock from garbage as usual

Wetin we gain

That report was filled with some magically impossible numbers.

They might clapdown on Nairaland soon

PDP are into massive sponsoring of fake news against this government...

Who post the wrong info

Liar...
Why can't the TCN debunk it. Dont they have figures
Garba shehu now spokeperson for TCN..

Another one.The wahala in this country taya me.we go just da hear figures,but nothing to show.

hisgrace090:
Do we believe this?

Very believable.

This is an issue that surrounds our transnational waters. i.e. waters that run along countries and it is very disputatious.

Damming or hydro has its disadvantages which affects aquatic life, irrigation, environment and flow downstream problems.

So, we are big brother and in more dire need of this, so we officially bribe them by giving them power.

If everyone was to construct her own dam, there will be drought and not much for us to even provide peak load.

The problem of Ethiopia, Sudan, Egypt is an example. The Nile serves 90% all the needs for Egypt (who have water-scarcity issues) but Ethiopia hopes to generate 6TW of electricity from a 74billion cubic metre dam they are building.

It has been a stand-off. There is a treaty there in 1929 and subsequently 1959 between Egypt & Sudan but Ethiopia is not respecting that because they also need power to industrialise and provide for about 65% of their populace who aren't grid-connected.

Countries like Sudan, South Sudan and Kenya support Ethiopia because it does help tackle some of their flooding issues.

Trump is mediating but no headway as Egypt had said they will go to war if need be.

To avert that scenario with our neighbours, we no too get choice.

Sign the petition in my signature and let's drive improved power distribution.

hisgrace090:
Do we believe this?

Follow Follow, don’t you have a mind of your own, the facts remain the same, whether you believe or not.

zombieTRACKER:
If Nigeria was a sane country

There would be no such thing as a Buhari supporter

It will be filled with pdp goons, when Jonathan was drinking and signing electricity deals that prejudiced the Nigerian People, all of you kept silent? Now see what Nigeria is facing, no stable electricity even in Yenogoa, keep calling Buhari he has less than 3 years to retire back to Daura, a life well accomplished.

It is hard to see good news about this big for nothing country called NIGERIA....

For the first time in my life, I've heard the full and accurate story of this Nigeria giving out electricity myth.

Good job with the clarification.
The $81bn quoted by the punch was simply too outrageous and comical even.
That's like Nigeria's total earnings in 3 years.
Credible reportage,out the window

Everything about this country is inaccurate

Mr Garba Shehu, thank you for the correction and clarification. Really $80 Billion plus no be here.

ThothHermes:
For the first time in my life, I've heard the full and accurate story of this Nigeria giving out electricity myth.

...to prevent disputes. Not bad

I actually laughed silly when I read some countries owe Nigeria $80bn. I was like do you know what $80bn is