The Senate, on Wednesday, resolved to explore legal advice to review the Azura power deal signed in December 2015. The Federal Government of Nigeria signed a take-or-pay power purchase agreement wi…
As the arrangement continues to suffer setbacks, Nigeria would have to pay Azura $1.2 billion if it decides to exit the agreement.Already, Nigeria is obligated to pay $30m monthly to Azura for power generated even if not “dispatched” – transmitted through the national grid – by the Transmission Company of Nigeria.
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