2022 Budget: Ministry of Power to spend N17.9m on fuel
THE Federal Ministry of Power has budgeted N17.9 million (N17,958,535 56) to fuel generators and plants in 2022.
The provisions which are contained in the 2022 budget proposal submitted by President Muhammadu Buhari are specifically for agencies under the ministry.
The agencies include National Rural Electrification Agency, Nigerian Electricity Management Services Agency (NEMSA) Hqtrs, National Power Training Institute, Nigeria Electricity Liability Management Limited.
The agencies are a core part of the ministry of power mandate to ensure adequate power supply in the country.
Details from the project shows the agencies will spend N12.6 million (N12,658,535) on the purchase of fuel while N5.3 million (N5,300,000) will be for the maintenance of plants and generators.
The breakdown of the figures shows that a total of N1.54 million will be spent by the National Rural Electrification Agency to buy fuel for generators.
The agency exists to facilitate the provision of affordable power supply for residential, commercial, industrial and social activities in the rural and peri-urban areas of the country.
The Nigerian Electricity Management Services Agency also has N4 million in its budget as expenses for fuel.
NEMSA is particularly in charge in the area of electricity supply in the country.
Also, the National Power Training Institute, a place for power sector personnel and coordinated training activities in the sector will spend next year N1.8 million on fuel purchase and 2 million for generator, plant maintenance.
To ensure alternative power supply for the smooth running of operation, the Nigeria Electricity Liability Management Limited will be spending N8.6 million.
N5.30 million will go into fuel purchase while N3.30 million will for the maintenance of plant and generator.