Today: 21.Oct.2014

Download Tribune Android App

Sambo inaugurates National Council on Power •As FG sources for N33billion for electricity meters
15.Aug.2014 DISQUS_COMMENTS Pascal Okeke - Abuja
Rate this item
(0 votes)

Vice President, Namadi Sambo on Thursday, inaugurated the National Council on Power, in Abuja.

Sambo said the government was sourcing for various funding avenues, including opening an initial N33billion soft tremble credit line to enable the electricity Distribution Companies (DISCOs) acquire smart meters and making them more available to consumers.

He said the government was concerned that the metering level among consumers remained low and the incidences of arbitrary or estimated billing still exited.

The vice president reiterated the government’s commitment to attracting new investments in Nigeria’s energy mix and directed the Ministry of Power and Ministry of Mines and Steel Development to ensure that the first large scale coal to power project takes off at the soonest time possible.

He stated said solar energy was going to form the hub of Nigeria’s future rural electrification programme, particularly for off grid communities and called on state governments in the federation to scale up their annual budgetary provisions for the power sector.

The vice president added that a total of $4.7billion was earmarked for transmission expansion in the next five years.

He said “in addition to this, it is also intended that more innovative approaches will be adopted to fund the Transmission Company of Nigeria (TCN) through opening possible private sector investment windows at the nearest time possible.

Sambo said Nigeria had taken measures to promote sub-regional efforts to ensure sustainability of power and as such, in March 2014, the 15 ECOWAS countries validated the templates and process if the development of National Renewable Energy and Energy Efficiency Action Plans, as well as a Sustainable Energy for All Action Agenda.

Read 2455 times


HOW I MADE N13Million IN 2013. Earning Over N1,000,000/Month In 2014. CLICK HERE To Learn Legitimate Internet Biz.

Buy Cheapest Domains as low as N1300 from Upperlink, 1st ICANN Accredicted Registrar in Nigeria

Earn N17,000 Or N40,000 Every Business Days. CLICK HERE NOW! All payment Made To Your Bank Account. GUARANTEED!!! Call: 09031737771

DISCOVER HOW AN EDO BOY MOVED FROM FACTORY WORK TO ONLINE MILLIONAIRE MAKING OVER N120,000 MONTHLY AS A FREELANCER ONLINE. CLICK HERE TO LEARN. NO START UP CAPITAL REQUIRED.

Discover How You Can Start A Profitable Mini Importation Business With A Start-Up Capital As Low As 15K And Make 40K Per Week. ..Guaranteed!!!...Click Here






Disclaimer
The views expressed on this website are those of the authors named, and are not of African Newspapers of Nigeria (ANN) Plc, publishers of Nigerian Tribune, Sunday Tribune and Saturday Tribune, while ANN Plc is also not responsible for the content of any external Internet sites linked to its website. All comments posted are the responsibility of the posters, and ANN Plc does not endorse any opinions expressed. However, we do maintain the right not to publish comments or to remove or edit them without notice.