Nigeria’s power sector is to get N600 billion intervention from the Federal Government.
The Market Operator of the Transmission Company of Nigeria, Mr Edmond Eje on Wednesday said President Muhammad Buhari has signed for the release of the fund.
Eje made the disclosure while speaking to reporters on the sidelines of the third MO interactive stakeholders’ forum in Abuja on Wednesday.
He said the money to be released is intended to rectify the shortfall in invoices of the power sector. He also disclosed that the fund will service the entire industry not just a particular sub-sector.
“The plan to release this fund is at an advanced level,” he maintained.