Buhari approves, releases N41.6bn take-up grant for presidential power programme

“The FGN Power Company will subsequently on-lend the project cost to the Discos and Transmission Company of Nigeria, with the repayment coming from the beneficiaries’ revenue from the market,” the report stated.had exclusively reported last week that the total funding requirement for the first phase of the Presidential Power Initiative was €2.3bn , as the fund would be deployed in revamping the country’s power sector.

The national power grid has collapsed about five times this year, twice in March and twice in April, before it recorded another collapse early this month . “The PPI is a government-to-government initiative, Nigeria and German government. It is being deployed in phases and we are now in phase one, to raise power generation to 7,000MW,” the Minister of Power, Aliyu Abubakar, stated recently in Abuja.

In the FGN Power Company’s document, it said the PPI would modernise and upgrade power transmission and distribution infrastructure across the country by 2025.

Wait o, let's go and verify from Egypt fess

And we still dey house 🏠 since .....it's not funny 😒 oo

Where is such money in our economy

This regime have crippled Nigeria. They are gathering Money for election . All is well

How about Asuu?

What does this mean/entail, at the closing minutes of his 8-year term? Does it mean, all along he was in a trance and oblivious of who and what he was, in a trance or suspended animation? This is indeed a BIG PROBLEM, NEEDS URGENT EXPLANATION.

Approval galore! This same power that we don't have! It is well

And student Dey house

Another money for the boys to share..

latecomer, you no see road do all this things since 2015🤔 na 7months to go you come dey do d tin wen you no fit finish. Baba just forget all this fallacy. Just point one good tin wen you do since 2015

Una just dey use English for us....lol Follow me I Follow back

Another chopping

Dem just dey chop money dey go and used it to build the North

Oh he wants to come down from power and he is looking for a means to syphon the money of the nation right

Naim b say money dey to pass ASUU na Na election hold am

Another stealing approves, while students are suffering 😢😢

When did you realize that they value politics and oil sector more than education in this country? They don’t care about the youths. They don’t want us to rise.

Oga Bubu the people u called future leaders of this nation are still at home in the name of ASUUNGR strike..... PeterObiForPresident2023 badgoverment

ASUU are on strike since 14th February

Something when 🇳🇬 already had in the bag since 2019, na em PeterObi run go Egypt to look for a few weeks ago. $100m down payment don happen so. I don tell all of una, me i no dey support anybody for 2023. Those my conscience say go do well no dey de race.

This man should please stop awarding contracts,he should just release salaries of civil servants till the end of his tenure .

Another money lost.

Explain what that means pls

Election money don set

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