This follows an increase in the overall budgetary allocation to the State House Headquarters, which rose from N47.11bn in the initially proposed 2025 budget to N57.11bn in the approved version.
The additional N10bn was traced to a jump in capital expenditure, which moved from N33.55bn to N43.55bn.
A breakdown of the new capital items reveals that the increase was solely due to the planned solar project, titled “Solarisation of the Villa with Solar Mini Grid,” with a full allocation of N10bn.
The move comes amid growing concerns over unreliable public electricity supply and the high cost of electricity for both households and government institutions.
The solar project is expected to reduce dependence on the national grid and limit the impact of tariff hikes on government finances.
From punch
It's well.
ReplyDeleteThey only care about themselves...UCH Ibadan and other important institutions don't have alternative supplies but of course, the presidency must have it first...
DeleteYou want people to sacrifice for your own comfort but you are not ready to sacrifice...Continue borrowing money up and down and leave the country in dire straits....
Baba said in one of his video footage before election that we shouldn't vote for him if there's no improvement in power.
ReplyDeleteSame government want's to fix solar with a whooping sum of 10BN.
DOZZYBEST.
That's a welcome development 💃💃💃💃
ReplyDeleteRead it again!
DeleteWhich welcome development?
DeleteOfon
ReplyDelete@icefish you are dancing or what? Nwanyi nor ne zuzu. Osino welcome development.
ReplyDeleteSo the presidential villa wants to abandon us for solar. A whooping 10b not even 500m for solar installation.
ReplyDeleteIt is bye bye to Nigerians and power distribution company.
That sounds like a huge sum for solarising one residence. In my mind I am thinking 500 million feels more realistic, but I am just a person on the internet, what do I know. I still can’t wrap my head around the figure of 10 billion.
ReplyDeleteDid they open the project to bidding and select from the estimates provided? For any government conscious about spending and the economic wherewithal of the nation then as a cost saving measure these projects should be open to bids.
I'm telling you. I mean a whooping 10bills?, Nigerian government must think we are still in the 16 ho ho. This is not realistic at all, just another means to embezzle.
DeleteThat is just too much!
ReplyDeleteThree much sef
DeleteThere goes our hope of having steady power supply
ReplyDelete