Nigerian states approve $ 5.3 bn for power projects

Oct 21, 2008 02:00 AM

The 36 State Houses of Assembly have passed the law authorising the direct deduction of $ 5.3 bn (N 62.01 bn) from the Excess Crude Account for the execution of various power projects in the country. Gov. Namadi Sambo of Kaduna State disclosed this in Abuja shortly after the meeting of the National Economic Council (NEC) Committee on Power Projects.
In one of its previous meetings, the NEC had approved the deduction of the said amount for the rehabilitation and construction of power projects to stabilise the nation's electricity supply.

Sambo dismissed the insinuation that some state governments were frustrating Federal Government's plans to ensure the smooth take-off of the electricity projects. He said that all the 36 state governors and their respective Houses of Assembly had passed the enabling bill aimed at ensuring an uninterrupted power supply in the country.
"All Nigerians are happy over the noble objective of the federal and state governments' intention to improve power supply in the country," he said.

While acknowledging that no state government was delaying the power project, Sambo said the NEC Committee on Power Projects was satisfied with the actions so far taken by all stakeholders as regards the power bill.
"We thank God that all the states have issued the authority for the Federal Government to incur the expenses for the power projects and this is very impressive," he said.

Source / Leadership
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