FEC approves $1bn Chinese loan for Gurara hydropower project - The Nation Newspaper

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FEC approves $1bn Chinese loan for Gurara hydropower project

President Muhammadu Buhari presided over the weekly FEC meeting, which considered eighteen memos.

Council also approved the sum of N5.7 billion revised total estimated cost for the completion of Nkari dam in Akwa Ibom.It also approved the appointment of a consultant for the resuscitation of the Gari Irrigation Project in Kano/Jigawa States. Council had in 2017 approved for the resumption of the project which was earlier abandoned for 17 years.

Minister of Power, Works and Housing, Babatunde Fashola said: “My ministry presented two memos, one was for the construction of an inter-change and pedestrian bridge at Abaji in Abuja for N7.197 billion to address the perennial problem of accidents in that place which was approved by council. ‘’So they are buying 200,217 meters for consumers under their franchise which covers Adamawa, Borno, Taraba and Yobe States.

 

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Hahahaha I hope this will not be a mirage like other previous loan.

China again?

I have never seen the effect of this APC government in my state despite the fact we are all Nigerians. What's the criteria for this marginalization?

Manbilla unko

TCN managing director stated the lost power in previous day's is due to the lack of use of generated power by the distribution companies, they reject it. What is being done about that.

Soon China will take over Nigeria just like she did other African countries that are owing her. Una well-done work.😂🤣😅😁

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BREAKING: FEC approves another $1bn Chinese loanwhere is all this money been put into? Bad road, no light, health sector bad, life not safe. Hmmm We're gradually selling this country by bits to China. I don't understand what they're doing with all this money they are borrowing.
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