President Goodluck Jonathan has approved the sum of $4 billion to boost electricity transmission in the country.
The Minister of Power and Steel, Prof. Chinedu Nebo, disclosed this on Friday at the official commissioning of 1 X 150MVA, 330/132kv Transformer at Ayede 330/132kv Substation, Ibadan, Oyo State capital.
Nebo added that the president had also approved a master plan for a national grid which will provide power to all rural areas in the country.
This, according to him, will have a national transformation impact on the country’s electricity supply.
He said, “Not only will the national grid be a lot more reliable, but will be a lot more effective in places where there is no power before in Nigeria. It will also have a huge impact on the entire Nigeria populace.”
The minister also disclosed that Nigeria has a metering gap of three million, adding that it is a huge market for meters manufacturers to tap into.
Commenting on the fate of the defunct Power Holding Company of Nigeria workers, he noted that:”over 40,000 of the 47,000 PHCN workers has been paid off, saying the government is also working hard to ensure that the remaining 7,000 workers whose bio-metric capturing was not perfect were attended to.” Click to signup for FREE news updates, latest information and hottest gists everyday
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Did we have to wait this long to approve such monies to boost power generetion? Its like trying to carry out a life saving operation on a rotten corpse.I hope corruption wont errode the said money.Its realy sad the state of the nation, especially this erratic power supply.Power should be the way natural oxygen is to human.
ReplyDeleteThank you my brother, you're on point! Imagine if all these moves had been made ten or twenty years ago, we would have been relieved of so many problems today.
DeleteIf jona gets this power tin rit, den his name will be louder than that of chief awo and zik put together. Cos it will set naija and d pipo on a part of economic progress more than ever b4. Duncan 1
ReplyDeleteRide on jare my oga at the top they do the one u can do and leave the rest na them get there mouth let them use it as they like na ur time oga JONA
ReplyDeleteAction speaks louder than words
ReplyDelete