Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Energy

Power: Mambilla Power Project not prioritised by Ministry of Power for 2021 Budget – Finance Minister

William UkpebyWilliam Ukpe
2 years ago
in Energy
Power: Mambilla Power Project not prioritised by Ministry of Power for 2021 Budget - Finance Minister

Mrs Ahmed Zainab

Share on FacebookShare on TwitterShare on Linkedin

The Minister of Finance, Zainab Ahmed said the reason the Mambilla Power project was not captured in the 2021 budget is because it was not prioritised by the Ministry of Power.

The Minister disclosed this on Tuesday during the budget defense of her Ministry at the House of Representatives in Abuja. She said that the Mambilla Project was not removed by the Ministry of Finance in the 2021  Budget but was not prioritised by the Ministry of Power.

READ: N5billion bailout fund underway for the Aviation sector – Minister

” The Ministries know what their priorities are, they are the ones to indicate.

“So if the Minister of Power did not have Mambilla in their submission, it is because they did not provide it, we do not provide the programmes that go into the budget for the Ministries. That’s their responsibility,” Ahmed said.

READ: 2021 Budget: Education and Health sectors to gulp N1.76 trillion

Ahmed explained further that the Ministry of Power exceeded the available envelope for its budget.

The Senate had earlier expressed displeasure when it discovered that the much talked about Mambilla Power Project was not captured by the Federal Government in the 2021 Budget.

READ: Nigeria allocates N3.12 trillion to service debt in 2021, as fiscal quagmire undermines ambitious recovery

What you should know

Nairametrics reported last month that President Muhammadu Buhari presented a budget of  N13.08 trillion to the National Assembly. Buhari disclosed that key power projects under the budget will be the Multiple Rural Electrification Projects, Mambilla Hydro Power Project, Zungeru Hydro Power Project, and others.

Expected to commence operation in 2030, the Mambilla hydropower project is a 3.05GW hydroelectric facility being developed on the Dongo River near Baruf, in Kakara Village of Taraba State.  

READ: FG set to create at least 5 million jobs for youths in the power sector – Minister of Power 

Nairametrics reported in January that The Federal Government disbursed funds as compensation to the owners of the land and other property affected by the construction of the Mambilla Hydropower Power plant.

In March, no less than N700 million was disbursed to carry out survey works on the project site of 3,050 megawatts Mambilla Hydropower Plant in Taraba.

Related

Tags: Mambilla Power ProjectZainab Ahmed

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Veritas Kapital Assurance Gross Premium Hits 77% Growth in Q4 2022
  • Just in: Emefiele insists the CBN is not considering extending deadline for swapping naira notes
  • Traction Launches Business Solution Suite, Grow with Traction To Support MSMEs

Follow us on social media:

Recent News

Veritas Kapital Assurance Gross Premium Hits 77% Growth in Q4 2022

Veritas Kapital Assurance Gross Premium Hits 77% Growth in Q4 2022

February 3, 2023
CBN embarks on unconventional moves to beat January 31 deadline

Just in: Emefiele insists the CBN is not considering extending deadline for swapping naira notes

February 3, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics