Budget 2017: Power gets N69.96 billion

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The Federal Government has allocated over N69.96 billion to the power sector in the 2017 budget proposal. The agencies under the Ministry of Power, to which have been allocated the amount, include the National Rural Electricity Agency, NREA; National Electricity Regulatory Commission, NERC; National Electricity Management Services Agency, NEMSA; National Power Training Institute, NAPTI; National Electricity Liability Management Limited, NELMCO; Transmission Company of Nigeria (TCN) and National Bulk Electricity Trading, NBET.

The breakdown of the proposed 2017 Federal Government budget showed that the Transmission Company of Nigeria, TCN, got the lion share of N40.2 billion, followed by the National Rural Electricity Agency with N16.137 billion. NERC was allocated N2 billion; NEMSA, N2.837 billion; NAPTI, N2.465 billion; NELMCO, N2. 718 billion and NBET, N3,595 billion.

Of this figure, while a total of N15.307 of NREA’s allocation goes for capital projects, N830.454 million will be for recurrent. Overhead was allocated N 92. 027 million, while N 738. 427 million was earmarked for personnel.

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