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.”
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