The Minister of Power, Mr Sale Mamman says the 6.15 billion dollars (about N2.373 trillion) recently secured by the Federal Government for the power sector will improve electricity supply in the country.
Mamman said this in a statement issued by Mr Aaron Artimas, his Special Adviser on Media and Communications in Abuja on Tuesday.
The minister who assumed office on Aug. 21, 2019, was speaking on the occasion to mark his one year in office.
Mamman said that he was grateful to the President who had continued to discover and inject new talents into the country’s leadership.
According to him, to date, 6.150 billion dollars have been secured for infrastructural development and earmarked for critical projects.
Giving a breakdown of the fund, the minister said
3.2 billion dollars was secured from Siemens and 1.6 billion dollars from donor agencies for the Transmission Rehabilitation and Expansion Programme (TREP).
The minister said 1.7 billion dollars was secured from the World Bank, African Development Bank (AfDB), and the Japan International Cooperation Agency (JICA).
Giving a further breakdown of the fund, he said that 550 million dollars were earmarked for the Nigerian Electricity Project (NEP), a rural electrification project being funded by the World Bank and AfDB.
Mamman said with the fund, the ministry has begun implementing critical infrastructure to transform a generation, transmission, and distribution of 25,000 Mega Watts (MW) of electricity by 2025.
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