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Issues In The News, Transformation Agenda

FG approves N300m for TCN

Lagos—The Director-General, Bureau of Public Enterprises (BPE), Mr Benjamin Dikki, yesterday said about N300 million has been approved for the infrastructure development needs of the Transmission Company of Nigeria (TCN).

Dikki made the disclosure in an address at the post-monitoring of Ikeja Electricity Distribution Company (IKEDC) activities in Lagos.
He reassured Nigerians that the challenges facing the nation’s power supply would soon become a thing of the past.

The Director-General said the Federal government provided the N300 million to TCN from its one billion Euro-bond dedicated for the improvement of the nation’s infrastructure.
According to him, government had also channeled the loan received from African Development Bank, AfDB, to TCN.

He said that currently, funding was not the major challenge of TCN but the process of identifying projects to be executed with the fund.

– See more at: http://www.vanguardngr.com/2014/07/fg-approves-n300m-tcn/#sthash.AjT9hYXF.T4RdTyyX.dpuf

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

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