2016 Budget: Power Ministry To Spend N20.6bn On Electricity (To Power Corporate Office!)
*Proposes 97 new electricity, road projects


The Ministry of Works, Power and Housing is to spend N20, 692,987,864 on the provision of electricity to its corporate headquarters in Abuja. The expenditure, which is contained in the 2016 Appropriation Bill, also includes the sum of N45, 463,197 for fuelling of its generating plants. Following the amalgamation of the three key ministries, there seems to have been an attempt to also grant the ministry and its parastatals a huge chunk of the national budget, particularly in the power sector.

For instance, the National Rural Electrification Agency (NERA) has been allocated the sum of N9.7 billion; Electricity Management Services was allocated the sum of N2.2 billion; National Power Training Institute has N1.3 billion; Nigeria Electricity Liability Management Limited has N3.3 billion; Nigeria Bulk Electricity Trading Plc. has N60.7 billion, while the Transmission Company of Nigeria got an allocation of N48.2 billion.
Similarly, the Federal Road Maintenance Agency (FERMA) has been allocated the sum of N46.2 billion, just as the sum of N569,566, 969 has also been allocated to the same ministry for local and foreign travels; maintenance of motor vehicles and transport equipment as well as for fuel and lubricants of its vehicles.

The same ministry has proposed a total of 19 new electricity projects valued at N20.287 billion and 78 road projects estimated to cost N260.838 billion. These projects are located in different parts of the country.
Meanwhile, the Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN) yesterday met with the local manufacturers of pre-paid meters in Abuja to address the problems of estimated billing and electricity theft.

The meeting, according to a statement by the Director of Press, Ministry of Power, Mr. Timothy Oyedeji, was to re-focus attention on the need to rapidly roll-out meters in order to ensure that Distribution Companies (DISCOs) charge electricity consumers only for energy they consume.
According to Oyedeji, the report submitted to the meeting showed that there are estimated over three million unmetered customers nationwide.
This informed government’s policy to bridge this metering gap as quickly as possible with maximum impact on local manufacturing and employment potential fully harnessed.

Speaking at the meeting, representative of the local manufacturers, Engr. Kola Balogun, said that access to and cost of credit is a major impediment to the growth of their production capacity in meeting present and future demand for meters.
He assured the minister of their readiness to support the rapid rollout of meters, but expressed concerns over government’s readiness to put in place clearer incentives for local production as opposed to importation of meters.

Source - http://dailyindependentnig.com/2016/01/2016-budget-power-ministry-spend-n20-6bn-electricity/

This info had better be wrong. because if it isn't, then i expect every right thinking Nigerian, irrespective of your political affiliation, to voice out against it. i mean, this is ridiculous, insane, outrageous, to say the least.

#20.6 billion is an outrageous amount to spend on the corporate headquarters alone, while #20.2 billion is budgeted for national electricity projects.

Watching in 3D

Cc: modath, Obiagelli, OrlandoOwoh, Bevista, egift ..........

Cc: Seun, Mynd44, Obinoscopy, lalasticlala

I dont sign cheques - Fashola

I dont understand this Apc budget o

Lol @ IyaIode

9jacrip:
Lol @ IyaIode

Abi o 24 billion for lighting one building, 3 billion for bmw, 500 million for animals

in Fashola we trust...




#Let there be LIGHT...

I knew APC were thieves but I never knew they were armed robbers. Jeeez, these guys stink more than the PDP

There's an urgent need to upload pages with allocation figures of 2016 budget on Nairaland so we can discuss and dissect it cos a lot of craziness seemed embedded in that budget.

IyaIode:

Abi o 24 billion for lighting one building, 3 billion for bmw, 500 million for animals

APC yi wa fe buru ju nkan ti eniyan expect lo o.

In the face of dwindling oil price and crashing economy ni wan budget owo rabata rabata fun tyre, food, bulb etc.

O dabi pe eyin abi aunty Modath lo so wipe ka fun APC ni time ki wan prove ara wan.

For me, the budget clearly paints the picture of the 4 years.

9jacrip:


APC yi wa fe buru ju nkan ti eniyan expect lo o.

In the face of dwindling oil price and crashing economy ni wan budget owo rabata rabata fun tyre, food, bulb etc.

O dabi pe eyin abi aunty Mo lo so wipe ka fun APC ni time ki wan prove ara wan.

For me, the budget clearly paints the picture of the 4 years.

I am not a member of APC & will never hold brief for them, but I sincerely believe this will go the way of the "state house feeding budget"... 20b? are they lighting the whole of FCT ?

modath:


I am not a member of APC & will never hold brief for them, but I sincerely believe this will go the way of the "state house feeding budget"... 20b? are they lighting the whole of FCT ?

I didn't say you were.

Lol @ lighting up fct.

modath:


I am not a member of APC & will never hold brief for them, but I sincerely believe this will go the way of the "state house feeding budget"... 20b? are they lighting the whole of FCT ?

This is supposedly for the Ministry headquarters alone, not even the whole of FCT. I'm sincerely hoping this info is wrong, because this is unthinkable.

9jacrip:


APC yi wa fe buru ju nkan ti eniyan expect lo o.

In the face of dwindling oil price and crashing economy ni wan budget owo rabata rabata fun tyre, food, bulb etc.

O dabi pe eyin abi aunty Modath lo so wipe ka fun APC ni time ki wan prove ara wan.

For me, the budget clearly paints the picture of the 4 years.

Oya mi lenu o

How does Fashola intend to power the office?

9jacrip:



I didn't say you were.

Lol @ lighting up fct.

OK, just clarifying again noni!

Yes nah,

The whole budget is 400b+, won ni fe lo fi cobra se necklace now.


@ iyaiode , this cant be true(irrefutable evidence will change my mind sha), they can't be that crazy! Laye kojo!

If the person that will give you and I electricity is spending the sum of N45, 463,197 for fuelling of its generating plants then we are on a long thing.

modath:


OK, just clarifying again noni!

Yes nah,

The whole budget is 400b+, won ni fe lo fi cobra se necklace now.


@ iyaiode , this cant be true(irrefutable evidence will change my mind sha), they can't be that crazy! Laye kojo!

I sincerely hope its not true but then i have seen worse in that budget

doncaster:
If the person that will give you and I electricity is spending the sum of N45, 463,197 for fuelling of its generating plants then we are on a long thing.

Serious long thing my brother.

This one na Negative change if na true.

#121585daily for fuelling.
PMB, this your Fashola wan start I don't sign check episode again o. I thought lights are almost always available for government house, hope we won't be hearing I don't drink fuel, you can check the generator consumption rate to know.
I hope this is not true, this elite minister should check his step.

PDP crime is their "I care less attitude". They don't know how to steal, rig, rule, insult, etc. They do everything without sense.
I hope APC will just do it right although there are lots of professional thieves in the party, you can't link them with the crime.

dustmalik:

This is supposedly for the Ministry headquarters alone, not even the whole of FCT. I'm sincerely hoping this info is wrong, because this is unthinkable.

I think it's better to await the budget break down by the minister of Finance b4 we lose our sanity. Too many fictitious figures around.

OlujobaSamuel:
#121585daily for fuelling.
PMB, this your Fashola wan start I don't sign check episode again o. I thought lights are almost always available for government house, hope we won't be hearing I don't drink fuel, you can check the generator consumption rate to know.
I hope this is not true, this elite minister should check his step.

PDP crime is their "I care less attitude". They don't know how to steal, rig, rule, insult, etc. They do everything without sense.
I hope APC will just do it right although there are lots of professional thieves in the party, you can't link them with the crime.

Generating Plant not Generator....

olatunji21:
Generating Plant not Generator....

Thanks for the correction but no thanks. Check your dictionary. Thanks

Hmmmm

modath:


I am not a member of APC & will never hold brief for them, but I sincerely believe this will go the way of the "state house feeding budget"... 20b? are they lighting the whole of FCT ?

I'm not APC? You are a shameless hypocrite..