Business Latest

Nigeria’s Power Sector to get N600bn intervention fund

Transcorp Power Consortium beats two others to win Afam Power Plc bid

President Muhammadu Buhari has approved the release of N600 billion to the Power Sector.

This was disclosed on Wednesday in Abuja by the Market Operator, Transmission Company of Nigeria (TCN), Edmond Eje, while speaking on the sidelines of the third MO interactive stakeholders’ forum.

“The plan to release this fund is at an advanced level,” Eje said.

Read also: NUT, Primary schools heads threaten showdown with Edo govt over competency test

Vice President Yemi Osinbajo had last week called for a new strategy in tackling the cumbersome challenges in the power sector.

He lamented that the power distribution companies had performed below expectations in delivering power to the Nigerian populace.

By Babatunde Alao…

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!