Energy

FG approves N1.4bn for power sector

The Federal Government (FG) has approved N1.4 billion for the supply of more equipment for the Transmission Company of Nigeria (TCN) to boost electricity supply across the country.

The Minister of Power, Mr. Abubakar Aliyu, made this known while briefing State House Correspondents on the outcome of the Federal Executive Council (FEC) presided by President Muhammadu Buhari in Abuja on Wednesday.

He said: “I presented two memos from the ministry of power for the Transmission Company of Nigeria.

“The first one was a variation of the sum of a contract for 132/33 KV substation at Kafanchan, Kaduna State, with a KV line base extension at Jos substation, in Plateau State. This is in the sum of N132, 705, 861.42.”

The minister said the second approval he got was for the supply of handling equipment and operational vehicles also for the Transmission Company of Nigeria at the cost of N1.3 billion.

“The second memo was for the supply of handling equipment, haulage and operational vehicles for the TCN at N1,338,159,080.88.

READ ALSO: FG: Why national grid collapsed again

“They are heavy lifting equipment that the TCN requires for doing its work in the store and on the field, while changing equipment and moving transformers.

“The council graciously approved,” he said.

The Minister of Science and Technology, Dr. Ogbonnaya Onu, announced that the council approved some fees for seeds production in the country.

According to him, the council approved N400,000 per variety for private seed company and N100,000 per variety for research institutions.

The Minister of Information and Culture, Alhaji Lai Mohammed, also disclosed that the council approved an augmentation of N317.7 million for Pategi Water Supply project phase 11 in Kwara.

He said the project was initially awarded in 2018 by the Buhari administration at the cost of N3.2 billion with completion period of 74 months.

The Star

Segun Ojo

Recent Posts

Zenith Bank shareholders approve HoldCo structure as Ovia lauds investors

The shareholders of Zenith Bank Plc have approved the restructuring of the bank to a…

3 hours ago

Man jumps into Lagoon to escape arrest, dies

A man identified simply as Azeez has allegedly jumped into the lagoon in Lagos and…

3 hours ago

PSG win 12th Ligue 1 title

Paris Saint-Germain (PSG) were crowned Ligue 1 champions for a record-extending 12th time on Sunday,…

4 hours ago

Ortom to Yahaya Bello: Don’t disgrace ex-govs, surrender to EFCC

Former Benue State Governor, Samuel Ortom, has urged the immediate past governor of Kogi State,…

4 hours ago

FG, Bill Gates mull digital platform for tax collection

Microsoft Founder and Philanthropist, Bill Gates, says he is working with the Federal Government on…

4 hours ago

Tinubu: My govt investing in tech to fight fraud, corruption

President Bola Tinubu says his administration is investing in technology tailored towards ensuring transparency and…

4 hours ago

This website uses cookies.