President Bola Tinubu has set aside N340 billion for power infrastructure upgrades across the country.
The Chief of Staff to the president, Femi Gbajabiamila, made the revelation during the commissioning of the 220MVA substation at Randle Avenue in Surulere, Lagos State recently.
Gbajabiamila revealed that the fund was earmarked in the 2024 budget, assuring Nigerians of Tinubu’s commitment to reliable power supply in the country.
“Citizens must protect power infrastructures as we address cases of estimated billing and poor meter distribution. Access to reliable electricity is not a privilege, it is a fundamental right that drives productivity, fosters innovation, and improves the quality of life of all citizens,” the Chief of Staff to the President said.
He explained that President Tinubu was working hard to ease the hardship being experienced by citizens.
“The president is committed to rolling out wage awards for workers, financial support for SMEs, loans for students, unemployment benefits, and many other social security programmes and improve living conditions for all Nigerians,” Gbajabiamila said.
This is coming days after the Power Minister, Adebayo Adelabu threatened to sanction non-performing power distribution companies, DisCos, over their inability to deliver quality power supply across the country despite huge investments by the government.
According to him, one of the sanctions for willful non-performance could be a revocation of licence.
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