FG approves N13bn for power infrastructure upgrade in Lagos, Ogun

The federal government has taken a significant step towards improving the country’s power infrastructure by approving billions of naira for various projects.

According to Minister of Power, Adebayo Adelabu, out of the projects, the Federal Executive Council (FEC) has approved the sum of N13 billion for the project in Lagos and Ogun states, as reported by BBC Hausa Service on Saturday.

The minister, according to the media outlet, made this disclosure on Wednesday shortly after the Federal Executive Council meeting.

He said four approvals were made for the project, including payment of compensation to plot owners.

Adelabu further explained that the N13 billion would be spent on the payment of the compensation.

He said the FEC has also approved proposals for procuring new power transformers to upgrade the ageing national grid.

The minister explained that the project would ensure manufacturers receive stable power, driving economic growth and job creation.