Task force on power gets N523m budget

Henry Umoru

06 February 2012, Sweetcrude, ABUJA—MINISTER of Power, Professor Barth Nnaji, has disclosed that the Presidential Task Force on Power (PTFP) will spend N523,586,881 this year.

According to him, N570,000,000 was appropriated for same, released and utilised in 2011.

Disclosing this during his budget defence before the Senator Philip Aduda-led Senate Committee on Power, Professor Nnaji said the performance of the capital budget of N23,751,505,088 in 2011 was 97.37%.

The minister said all the generation companies (GENCOS) across the country would spend N7,882,666,412.

Afam Power Plc would spend N500,000,000.00; Ughelli, N2,513,660,403.00; Egbin, N876,331,928.00; Kainji Hydro Electric Plc, N752,983,150.00; Jebba, N644,572,200.00; Sapele, N801,000,000.00; Shiroro, N759,606,123.00; Geregu, N260,525,000.00; Omotosho, N149,556,080.00; and Olorunshogo, N624,431,728.00.

He said: “In the 2012 budget estimate, distribution companies will spend N8,853,016,886 with Abuja getting N1,305,941,079; Benin, N973,669,046; Eko, N510,333,343; Enugu, N1,949,944,043; Ibadan, N562,048,712; Ikeja, N544,772,155; Jos, N523,720,638; Kaduna, N843,578,776; Kano, N530,822,331; Port Harcourt, N467,465,751; Yola N640,721,012 while Nigeria Electricity Regulatory Commission will spend N327,092,978.”

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  • power

    All these money they are mentioning, what effect will it make in the power sector of this country giving the proof of what they spent last year without much positive effect than increment in the price of klw/h.
    What 9ja is perfectly ok in, is, input without out-put.

  • it is important to tie financial commitments to productivity becouse at the end you will be left wondering if this are just figures or real cash

  • roland o a

    we only hear about billions of naira that is being allocated to power sector every year but no improvement in power supply to our homes.