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            Home » Right of Way issues hampering power projects—NEC
            News

            Right of Way issues hampering power projects—NEC

            Ayo OyeBy Ayo OyeMarch 24, 2022No Comments2 Mins Read
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            The National Economic Council (NEC) says issues of Right of Way (RoW) resolutions are hampering power transmission projects.

            Gov. Inuwa Yahaya of Gombe State said this while briefing State House correspondents after a virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday in Abuja.

            Yahaya said that the Minister of Power updated the council on the power situation in the country.

            He said the council was briefed on the on-grid power generation which also resulted in grid collapses on March 14 and March 15

            “A key observation came up that need urgent attention is the issues ROW that has hampered billions of Naira of Transmission projects that are meant to strengthen and expand the grid.

            “ Most of these projects are stalled or delayed because of gaps in implementation of RoW resolutions that state governments are responsible for

            “Currently, there are 32 projects across multiple states stalled or that have been unable to begin post approval.

            “The projects account for an investment of 137 million dollars that the Nigerian public is unable to realise value from due to these intractable issues,’’ he said.

            The governor said that NEC was urged to review the situation with a view to having the issues addressed by the affected states.

            He said that the Minister of Finance, Budget and National Planning presented an update to the council on federation accounts.

            The governor said as of March 22, the Excess Crude Account stood at 33.8 million dollars; Stabilisation Account, N31.2 billion; Development of Natural Resources Account, N55.5 billion.(NAN)

            Gov. Inuwa Yahaya NEC
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            Ayo Oye

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