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.