CEM The Federal Executive Council, at the executive meeting Wednesday, approved the sum of N1.4 billion for the Transmission Company of Nigeria, (TCN) to boost the operations, Daily post has reported.
According to the Minister of Power, Abubakar Aliyu’s briefing at the end of FEC meeting, the sum of N132,705, 861.42 is work at the 132/33 KV substation at Kafanchan, Kaduna State with a KV line base extension at Jos substation, in Plateau State.
The other some of N1,338,159,080. 88 is for the supply of handling equipment, haulage and operational vehicles for the TCN.
“I presented two memos form the ministry of power for the Transmission Company of Nigeria. The first one was variation of the sum of a contract for 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 second memo was for the supply of handling equipment, haulage and operational vehicles for the TCN at N1,338,159,080. 88. They are heavy lifting equipment that the TCN requires for doing its work in the store and on the field, while changing equipment and moving transformers and the council graciously approved,” Aliyu said.
Since February 2022, Nigeria has been going through an unprecedented power supply crisis occasioned by frequent grid collapse. This is said to have been caused by several reasons premised along the power value chain; these include failures of gasfuel supply to Generation Companies, failures at power stations at the Generation Companies (GenCos), failures of the National grid managed by Transmission Company of Nigeria (TCN), and failures with the networks of Distribution Companies (DisCos), amongst other issues.
In view of the centrality of power in the development of our economy and welfare of Nigerians, the federal government has been said not to be doing enough or as much to lift the country out of the current electricity mess, as seen doing in other areas.
With another eight years administration winding down without any improvement in power supply, hopes seems to be waning while perplexity is mounting among Nigerians who go through life threatening inconveniences and dwindling economic power by the day. There is no confidence any longer that electricity will improve anytime soon.