An extraordinary Federal Executive Council (FEC) meeting that happened today presided over by the vice president, Prof Yemi Osinbajo has approved all 16 memos on various power contracts spread across the country.
The total sum of the projects stands at $65,606,420, €15,152,651 and N31,360,272,397.
This was disclosed by the Minister of Power, Engr. Abubakar Aliyu at the end of the federal cabinet meeting at Council Chambers of the Presidential Villa, Abuja.
He lamented about the weak transmission grid despite the present power generation in the country which is about about 5,000mw stating that the present administration had done more than any other to ensure that Nigerians enjoy improved supply of electricity, attributed the epileptic power supply in the country to little attention paid to the development of the sector in the past.
Aliyu, who said the federal government had placed order for power equipment, assured that Nigerians will soon see the outcome of the ongoing investments.