Uncategorized
Nigeria pays Ghana $10 million as compensation for not meeting conditions of their gas supply agreement
The Federal Government of Nigeria has paid $10 million compensation to Ghana for failing to meet the conditions of the gas supply agreement the two countries had signed back in 1999.
According to the agreement, Nigeria was required to supply Ghana with a total of 123 million Metric British Thermal Units (MMBtu) of gas per day. However, we have been able to supply about 30
MMBtu per day, sometimes even less Ghana’s Director of Planning and Business Development of the Volta River Authority (VRA), Kofi Ellis, explained that Ghana had been paid $10 million as damages over the shortfall.
Ellis admitted gas is a commodity needed in both countries, and, as much as Nigerians would like to help Ghana, they face their own problems.
The contract, however, would not be abrogated notwithstanding that Nigeria is facing challenges in meeting the terms.
A recent visit of the Ghanian Minister of Energy and Petroleum, Emmanuel Armah-Kofi Buah, to Nigeria culminated in West Africa’s biggest gas-supply nation promising to supply a constant 50 MMBtu/day.
Taliban bans windows overlooking places âusually used by womenâ to stop women from being seen at home
Emotions flow as lady witnesses tragedy at hospital, pregnant woman and baby pass away during labor
Peter Obi reveals how being in the opposition of the current government has affected him
âDaddy konji dey hold me, give me husbandâ â Lady begs Ebuka Obi for partner says she wants to start having s3x, he reacts
Bello Turjiâs gang kidnaps 10 passengers, burns vehicle in Zamfara
Man k!lls his mother and four young sisters in hotel room with the help of his father to âsave their honourâ (video)
Emotions flow as lady witnesses tragedy at hospital, pregnant woman and baby pass away during labor
âAdam and Eve ate nothing, were you there?â â Apostle Abel Damina reveals, says smoking and drinking is not a sin (video)
-
News1 day agoEmotions flow as lady witnesses tragedy at hospital, pregnant woman and baby pass away during labor
-
Lifestyle1 day agoâDaddy konji dey hold me, give me husbandâ â Lady begs Ebuka Obi for partner says she wants to start having s3x, he reacts
-
News1 day agoPeter Obi reveals how being in the opposition of the current government has affected him
-
News1 day agoTaliban bans windows overlooking places âusually used by womenâ to stop women from being seen at home