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The Federal Authorities on Thursday stated it will examine how the non-functioning Ajaokuta Metal Firm Restricted accrued N33bn in electrical energy debt which prompted the Transmission Firm of Nigeria to disconnect the corporate from the nationwide grid.
The Minister of Metal Improvement, Shuaibu Audu, revealed this to State Home correspondents after assembly President Bola Tinubu on the Aso Rock Villa, Abuja, on Thursday.
On Wednesday, the TCN disconnected ASCL from the nationwide grid because the moribund firm did not clear a debt of N33bn owed to the NBET and repair suppliers.
The N33bn includes N30.85bn for power and capability delivered by NBET and N2.22bn owed to service suppliers. Addressing correspondents, Audu minister vowed to think about the matter.
He marveled at how the corporate accrued such debt in electrical energy consumption when it had not been in working in full capability.
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“I imply these are among the issues that should be clearly appeared into. One of many issues I spoke to the MD of Ajaokuta in the present day, and this was one of many questions I requested and we’re going to unravel it: why consumption of a lot electrical energy in a spot that isn’t working at full capability.
“A part of what we additionally have to do is that we’re attempting to revive Ajaokuta in a collegiate system, in piecemeal, and so we could not have the capability to have the ability to pay all these excellent quantities instantly.
“A part of what the MD of Ajaokuta advised me is that the majority of them cash is in curiosity funds. And NBET, the electrical energy firm that has disconnected it’s also a authorities company,” Audu defined.
Shuaibu additionally stated the FG wouldn’t permit its company, NBET, to hinder the trouble to revive the metal firm, which has been out of operation for about 45 years.
He stated, “So, if we as a authorities ministry, authorities company try to revive Ajaokuta working arduous to try this, we must always not have one other hand inside the similar authorities making issues very troublesome for us.
