A Review of the Nigerian Energy Industry

Kano budgets N4.9bn for IPP in 2014

Great mosque of Kano31 December 2013, Kano — Kano State government is planning to spend N4, 981,000,000 billion in 2014 to completie the Independent Power Plants, IPPs, at Tiga and Chalawa Goje dams in the state.

The State Commissioner for Budget and Planning, Alhaji Yusuf Bello Danbatta, stated this during a press conference on the N219, 281,273,487 Kano 2014 budget breakdown.

He said the IPP projects will be jointly financed by both the state and the 44 local governments in the state, adding that when completed, the power plants will generate 35 megawatts of electricity which will be used in maintaining the state’s street lights and also serve small scale industries in the state.

The commissioner said the 2014 budget tagged ‘Budget of Consolidation’ is aimed at completion of on-going projects, realistic revenue forecasts, continuation of expenditure rationalization, strategic exit from dept financing by expanding and exploiting the state’s internally generated revenue potentials.

The commissioner further stated that in the 2014 budget the state government has also appropriated the sum of N2.7b to complete all inherited projects, adding that the present administration has inherited about 700 uncompleted projects from its predecessor.
*Ibrahim Musa Giginyu, Daily Trust

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