FG in conjunction with CBN and World Bank pays guarantees to gas supplier firm

FG in conjunction with CBN and World Bank pays guarantees to gas supplier firm
April 10, 2017 Advocaat Law Practice

As part of the Federal Governments (FG) efforts towards ensuring gas supply to power generating companies, the FGN has provided a guarantee of payment to gas suppliers through the Central Bank of Nigeria and the World Bank. This strategy by the FG is aimed at encouraging oil and gas companies to utilize and commercialize more of their gas reserves as well as get the value for the gas produced for sale.