CBN disburses N1.3 trn to support power supply in 5 years | The Guardian Nigeria News - Nigeria and World News

The CBN Governor, Mr Godwin Emefiele, made the remark at a news conference following a meeting of the Bankers Committee in Abuja on Monday.

‘’The sum of N12.64 billion was also released to Discos under Nigeria electricity market stabilisation facility phase two line two.“Both interventions were designed to improve access to capital and ease development of enabling infrastructure in the Nigeria electricity supply chain sector,’’ he added.

Emefiele also said that the bank would be providing interventions for the NNPC to ensure they import petroleum products that would end the shortage in the country. “Then we will see that when supply increases, people are relatively confident that when they sell whatever they’re holding, be it petrol or diesel that they can easily go and replace them, then the arbitrary price increases will reduce.

He also noted the unprecedented rate of oil theft recorded in recent times and its debilitating impact on government revenue and the nation’s reserve.

1.3 trillion naira to supply darkness in five years is a monumental waste.

Nigerian how did we even get here sef 😒😒 Who did this to us. Nawa oo

When ? …

Why is it that all Federal government disbursement have short lifespan? I thought government is a continum. Nigerian government cannot make a plan or project that exceeds 5years. Which exposes their whole plan to corruption. Why can't they make long-term plans

How?!, to whom?! To where?!! For what?!!. This reporter should be jailed for bringing this wicked information. And we are still in darkness. A very expensive darkness indeed. But God dey ooo.

Is this not enough to build another source of generating electricity aside from the dam? Last last, selected few will enrich themselves and Nigeria will continue in darkness and heat. God please come to our rescue.

What about asuu

here are my naked photos

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