Why Nigeria exports electricity to Benin, Niger, by Presidency

THE Presidency yesterday said the Niger Republic and Benin Republic owe the country $20million.It said while Niger owes only $16 million

It said while Niger owes only $16 million, Benin owes $4 million, adding that when converted, it amounts to about N1.2billion.

In a statement by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, the Presidency also said the total indebtedness of Niger to Nigeria is $16 million, while Benin owes $4 million. Describing the said report as hyperbolic and terribly misleading, the Presidency said apart from the fact that the figure quoted was far from accurate, out-dated and not reflective of the current reality, the overall cost of power generated and sold during the period covered by the report was not anywhere close to what was mentioned by the paper.

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