Skip to main content

Advert

Ng

Budget 2017: Power gets N69.96bn

By

President Muhammadu Buhari presenting the 2017 Budget before a joint session of the National Assembly on Wednesday, December 14, 2016.

The Federal Government has allocated over N69.96 billion to the power sector in the 2017 budget proposal.
The agencies under the Ministry of Power, to which have been allocated the amount, include the National Rural Electricity Agency, NREA; National Electricity Regulatory Commission, NERC; National Electricity Management Services Agency, NEMSA; National Power Training Institute, NAPTI; National Electricity Liability Management Limited, NELMCO; Transmission Company of Nigeria (TCN)  and National Bulk Electricity Trading, NBET.
The breakdown of the proposed 2017 Federal Government budget showed that the Transmission Company of Nigeria, TCN, got the lion share of N40.2 billion, followed by the National Rural Electricity Agency with N16.137 billion.NERC was allocated N2 billion; NEMSA, N2.837 billion; NAPTI, N2.465 billion; NELMCO, N2. 718 billion and NBET, N3,595 billion.Of this figure, while a total of N15.307 of NREA’s allocation goes for capital projects, N830.454 million will be for recurrent.Overhead was allocated N 92. 027 million, while N 738. 427 million was earmarked for personnel. TCN’s entire allocation of N40.2 billion would go into capital projects. However, no budgetary provisions for personnel and overhead were made, ostensibly as the company is expected to get paid by consumers.
NAPTI’s N2.55 billion allocation consists of N1.5 billion for capital projects; N822.055 million for personnel; and N133.180 million for overhead. NEMSA’s personnel budget for the coming year stood at N1.129 billion; overhead, 207.241 million; and capital, N1.5 billion.
Out of NELMCO’s N2. 718 billion budget, N2.5 billion was allocated to capital; personnel, N168. 065 million; while overhead got N50.573 million. The construction of a 215 MW LPFO/Gas Plant was earmarked N5 billion. The location of the project was, however, not indicated in the budget, as presented to the National Assembly.
The Zungeru 700 MW project in Niger State was allocated N1.360 billion.The provision of infrastructure for the same plant was allocated a separate N373.6 million; while the 3,050 MW Mambilla Hydropower project will receive N950 million. According to the budget, the construction of the 10MW Wind Farm in Kastina would take N904, 546 million.
Labels:

Comments

Post a Comment

Popular posts from this blog

Selling of handout in Nigerian Universities not our Making says ASUU

By
The Academic Staff Union of Universities in Nigeria (ASUU) has expressed displeasure at the mandatory sale of handouts by some lecturers in tertiary institutions. Prof. Biodun Ogunyemi, President of the union, expressed this view in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. “It is not wise for lecturers in our tertiary institutions to compel students to be buying handouts, though it is not a widespread practice; we have few people that are misbehaving. “But the system has a way of handling them, so anywhere they see them they always put them on check. “It is not permitted in the system and there is a structure for tracking and dealing with that so ASUU as a union don’t condone it and we discourage it anywhere and everywhere we go,’’ he said. However, a cross section of Nigerian students had decried the rate at which some lecturers extort money from them in the name of selling of handouts. Speaking in separate interviews with NAN, students lamen...
Post a Comment
Read More>>

FG ATTACKES LECTURERS ON NATIONWIDE STRIKE

By
‘It’ll be total, comprehensive, indefinite’ Situation on campuses University teachers are set for major strike, it was announced yesterday. The Academic Staff Union of Universities (ASUU) said the strike “will be total, comprehensive and indefinite” to press home lecturers’ demand for improved welfare and working conditions. ASUU National President Dr. Biodun Ogunyemi said the union took the decision after a nationwide consultation with its members at an emergency National Executive Council (NEC) on Sunday. According to him, there will be no teaching, no examination and no attendance of statutory meetings of any kind in any of the union’s branches during the strike. He said ASUU must make the Federal and state governments to implement the provisions of the 2009 Agreement, the Memorandum of Understanding (MoU) of 2013 and the understanding reached in November 2016 in order to lay the foundation for a university system capable of producing a country of our dream. Dr. Ogunyemi...
Post a Comment
Read More>>

Bayelsa varsity shutdown by students(Trouble in Nigeria versities who is to be blamed?)

By
The Bayelsa State-owned Niger Delta University (NDU), Wilberforce Island, was, Monday, shut down by students following what they described as outrageous increase in all categories of fees in the school. The aggrieved students were said to have shut the gate to the main entrance of the school in Amassoma, Southern Ijaw, stopping vehicular movement into the campus. The protest, which coincided with an indefinite strike declared by the Academic Staff Union of Universities (ASUU) reportedly, crippled academic and social activities on campus. The students were said to be angry over hike in school fees, electronic course registrations and non-inclusion of students’ representation in decision-making. The demonstration, which was led by the President of the Student Union Government (SUG), Mr. Kemes Mitin, was said to be peaceful without skirmishes. The students lamented that the school authority was gradually turning the state university into a private institution in its quest to r...
Post a Comment
Read More>>