FEC approves N1.4b for the power sector as Buhari swears in NPC — Nigeria — The Guardian Nigeria News – Nigeria and World News


Federal Executive Council (FEC) has approved N1.4 billion for the supply of more equipment for the Transmission Company of Nigeria (TCN) to boost electricity supply.

Minister of Power, Abubakar Aliyu, made this known when he briefed State House Correspondents on the outcome of the meeting of the council, presided by President Muhammadu Buhari in Abuja, yesterday.

He said: “I presented two memos from the Ministry of Power for TCN. The first was a variation of the sum of a contract for the 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 was for the supply of handling equipment and operational vehicles also for TCN at a cost of N1.3 billion.

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

“They are heavy lifting equipment that the TCN requires for doing its work in…

Source: Guardian Newspaper