Wednesday, October 23, 2013

FG To Spend N457bn On Power Transmission Infrastructure

The Federal Government will spend N457.6bn between now and 2017 in order to give the nation a power transmission infrastructure that can carry 16,000 megawatts of electricity.
The Minister of Information, Mr. Labaran Maku, said this in Abuja on Tuesday at a news conference on the performance of the economy, especially following the successful sale of the Power Holding Company of Nigeria’s successor companies.
Maku said a transmission expansion blue print prepared by the Presidential Action Committee on Power had committed the government to a transmission capacity of 16,000MW.

Announcing that the end of darkness was near in Nigeria, Maku said different steps taken by the government would soon begin to yield results, but pleaded with the citizens to exercise some patience as time was still needed to usher in a new era.
He said, “The distribution companies are going to ensure that there are meters and the meters will be prepaid so that nobody will come and charge you for darkness, which was the case in the past. You buy your credit and when it finishes, your light goes off. You don’t need anybody to come and disconnect you.
“Government will subsidise power for the poor people. The rural dwellers and poor urban dwellers; there is a subsidy for you.  In the course of the new tariff, which will come in the beginning of the market, the tariff will not take electricity beyond the capacity of the poor people. It is the bridge to ensure that everybody has access to electricity.”

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