ADVERTISEMENT
Friday, June 12, 2026
Tech | Business | Economy
No Result
View All Result
  • Technology
    • Trends
    • Telecoms
      • Broadband
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • EnterpriseTECH
    • Security & Data Protection
    • How To
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
    • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Assets
      • GameTech
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • TBS
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
Friday, June 12, 2026
Tech | Business | Economy
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

FG​ Approves N2.7b in Compensation for Zungeru Power Project

Yinka Okeowo by Yinka Okeowo
August 17, 2022
in Finance
Reading Time: 2 mins read
0
TCN | Power Project

Power Project

​The​ Federal Executive Council (FEC) has granted N2.7 billion as additional funding for the construction of homes for the resettlement of those people affected by the construction of the Zungeru Hydroelectric Power Project in Niger State.

Abubakar Aliyu, the Minister of Power, informed State House Correspondents of this at the conclusion of the council meeting on Wednesday, which was presided over by President Muhammadu Buhari.

He said: “Today, I approached the Council to seek approval of revised estimates of total costs for the updated rates of building structures for compensation and resettlement of the communities affected by the construction of the 700 megawatts Zungeru Hydroelectric power project in the total ​​sum of N2,740,000,000, which will revise the subsisting amount from N19,640,000,000 to N22,380,000,000, and the council graciously approved the request.”

Shedding more light on the recent drop in the level of power generation in the country, the Minister said the major problem was that of gas.

“Regarding the drop in electricity, yes, you know, the supplier has so many players; gas, the cost that drops, issues of gas to some power plants; they cannot switch on their plant, you will experience some drop once they switch on and the electricity will increase.”

Subscribe to our Telegram channel for the latest updates.

Follow the latest developments with instant alerts on breaking news, top stories, and trending headlines.

Join Channel

“There may be a drop due to the fault of the generator and the electricity would drop. It’s mostly generation. I’ve been watching since like yesterday evening, we had a generation of over 4000, around 4600 megawatts.

“And you know, we told you since 1st July, that we’ll be able to raise it up to 5,000 when we activate the contract. And we have not been able to do so, due to some issues around gas contracts, gas to power, which we are trying to take care of. And we have gone very far with that, and I believe, it is for that reason that we’re able to reach up to 4,600 as of yesterday.

“This morning, it dropped to 4,100. So, this is what is happening, you will be experiencing this fluctuation due to all these issues around gas to power because gas is not something that we control directly, you have to pay them, and they will not give you gas until you pay. So, we are looking at ways to solve that issue”, he explained.

0Shares
Previous Post

UN Secretary-General Appoints PIN’s Executive Director to a High-Level Internet Leadership Panel

Next Post

National Identity’ll Fast-Track Digital Economy Development — DG NITDA

Yinka Okeowo

Yinka Okeowo

My call is report on technology, innovation and the business of the digital economy.

Related Posts

Yellow Card in Fortune Crypto Innovators list | co-founders

Fortune Names Yellow Card among Top Global Crypto Innovators

June 11, 2026
Dangote Refinery valuation, private placement demand

Dangote Refinery Valued at $39.1bn as $1bn Share Sale Draws Strong Investor Demand

June 11, 2026

How a Regular Savings Culture Can Support Long-Term Financial Stability 

June 10, 2026
Load More
Next Post

National Identity’ll Fast-Track Digital Economy Development -- DG NITDA

Techeconomy Podcast
Techeconomy Podcast

The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
byTecheconomy

Africa’s innovation ecosystem is evolving, but where will the funding for the next generation of startups come from?

In this edition of the Techeconomy Business Series (TBS) May 2026, industry experts explore how local capital, venture debt, and smarter investment structures are redefining startup growth and innovation across Africa.

🎙️ Featured Speakers:

* Ebunoluwa Ashley-Dejo

* Damilare Davola

* Success Ajilore (STN & Accelerated Plus)

Key conversations in this webinar include:

✔️ The future of startup financing in Africa

✔️ Venture debt and alternative funding models

✔️ The role of local investors in scaling innovation

✔️ Sustainable investment strategies for African startups

✔️ Opportunities and challenges in the African tech ecosystem

Subscribe for more conversations shaping Africa’s digital economy and innovation landscape.

#TBS2026 #AfricanInnovation #VentureDebt #StartupFinance #TechInAfrica #Techeconomy #AfricanStartups #InnovationEconomy

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
May 27, 2026
Techeconomy
PROTECTING INNOVATION IN AFRICA’S STARTUP ECOSYSTEM
April 29, 2026
Techeconomy
BUILDING TRUST IN AFRICA ECOSYSTEM
February 27, 2026
Techeconomy
Navigating a Career in Tech Sales
January 29, 2026
Techeconomy
How Technology is Transforming Education, Health, and Business
November 27, 2025
Techeconomy
Search Results placeholder
MTN Live It 100 Thematic Campaign
ADVERTISEMENT
  • About Us
  • Careers
  • Contact Us
  • Privacy Policy

© 2026 TECHECONOMY.

No Result
View All Result
  • Technology
  • Business
  • Economy
  • Features
  • Editorial
  • Brand Content
  • TECHECONOMY TV

© 2026 TECHECONOMY.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.