FG approves N72 bn to boost Nigeria’s distribution networks
The Federal Government has approved N72 billion to enable Electricity Distribution Companies (DisCos) step up electricity generation. This is aimed at meeting the needs of consumers in the country.
Managing Director of the Transmission Company of Nigeria (TCN), Usman Gur Mohammed, disclosed this yesterday at a media forum in Abuja. He said the lack of stable power was due to the weak distribution network.
Usman, who stated that the efficiency of TCN is not visible because the power generated has not been well distributed, said: “80 per cent of electricity consumed in Benin and Togo are coming from Nigeria.”
“There is stable power in the two countries and it cannot be said of us. TCN has built and commissioned substations in the country. The solution to uninterrupted power supply is to invest in the distribution companies.”
Source: The Guardian