Electricity: Nigerian gas sales to Ghana, Benin, Togo hit $6.47m - Punch Newspapers

The revenue generated from the sale of Nigerian gas to three neighbouring countries for electricity generation rose by 11.36 per cent to $6.47m last year from $5.81m in 2019, according to official data obtained by our correspondent.

The company has executed agreements with upstream producers in Nigeria and with gas transportation companies for the supply and transportation of gas to its customers. “Revenue arose from the delivery charges on sale of gas to Volta River Authority and Communaute Electrique du Benin- Lome/ Cotonou under their respective gas sales agreements,” the company said.

In the notes to the financial statements, N-Gas said the outstanding receivable balances from VRA relating to gas sales from August 2014 to December 2020 stood at $69m.

What a cursed and failed nation, in the hand of illiterates and wicked cabals, supplying steady light to other nations,making money and pocketing it,while they keep us in darkness. Marranatha!!!

That we lack what you export is not the most painful of this wicked gesture, But that You sell, make money, embezzle same and go to borrow from countries to perpetuate our sufferings among us and generations unborn. There's God oooooooooo 😠

But no job for the youths

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