Some states enjoy almost 24 hours power supply | Nairalaw

Babatunde Fashola, minister of power, works and housing, says
some states in the country now enjoy “almost 24 hours” of
electricity supply.

Speaking on Wednesday at a programme on Channels Television, the
minister said the increase in electricity supply is as a result of
the increase in transmission capacity.

Fashola said even as the transmission grew with about 8,100
watts as of December, the distribution networks have been the major
challenge in making power available all the time.

He said the federal government is ready to invest N72 billion to
install transformers and expand distribution.

“Sitting down here I can tell you some states that have almost
24 hours – Kebbi, Yobe. Some have five, some have 10 and there are
still outages,” Fashola said.

“The generation capacity is also increasing. It is a value chain
where the distribution is not matching up the available power and
from time to time, there are slacks.

“The short term goals are incremental power and stable supply in
some places.

“The government has decided that as 40 per cent holder of
everything in the distribution of power, we have our programme to
invest N72 billion which will involve installing transformers and
all of that.”

Fashola said the federal government would bring solutions to the
challenges in the power sector.

“We created a metre access provider regulation. What it does is
to create a new plan of investment programme. We manufacture,
produce, supply and install metres and fill the gap the
distribution companies cannot raise capital to fill. They cannot do
so alone, they must do so under a procurement policy with the
distribution company,” the minister said.

“We are applying many solutions at the same time. So when we
were talking about how much megawatts is being used, we have
created a new page which will bring solution.”

FAAC Shares N619bn for FG, States, LGCs in March
2019

A total of N619.857 billion has been distributed as Federal
Allocation for the month of February 2019 between the Federal,
States and Local Government Councils.

The communiqué issued by the Technical Sub -Committee of the
Federation Accounts Allocation Committee (FAAC) at the end of its
monthly meeting in March 2019, indicated that the Gross statutory
revenue received was N478.434 billion. This sum is lower than the
N505.246 billion received in the previous month by N26.812
billion.

Federation Crude Oil Export sales increased by about 46%
resulting in increased Federation Revenue from $425.00 million
previously to $574.95 Million. Shut-in and Shut-down persisted
while some Terminals remained closed due to leaks and
maintenance.
Petroleum Profit Tax (PPT) increased significantly while Companies
Income Tax (CIT) recorded a marginal increase.
Revenues from Value Added Tax (VAT), Oil Royalty, Import and Excise
Duties decreased in February, 2019.

The distributable Statutory Revenue for the month is #478.434
billion. The total Revenue distributable for the current month
(including VAT, Exchange Gain, Excess Bank Charges recovered and
Forex Equalization) is #619.857 billion.

Therefore, from the Total distributable revenue for the Month,
the Federal Government received N257.681 billion representing
52.68%; States received N169.925 billion representing 26.72%; Local
Government Councils received N127.722 billion representing 20.60%;
while the Oil Producing States received N50.946 billion also
representing 13% derivation revenue.

The balance on Excess Crude Account as at 27th March , 2019 is
$183 million.

END

Oise D. Johnson
Head Press & Public Relations, OAGF.
27th March, 2019.