• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 29, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

Nigerian Government Approves $23m for Electricity Substations, N13b for Police Life Insurance

by Justice Godfrey Okamgba
December 22, 2022
in Finance
0
Nigerian Government
UBA
Advertisements

The Nigerian Police Force (NPF) will receive a group life insurance plan worth N13.3 billion thanks to approval from the Federal Executive Council (FEC).

This was stated by the Minister of Police Affairs, Maigari Dingyadi, in remarks to State House reporters at the conclusion of the Council meeting held on Wednesday in Abuja under the chairmanship of President Muhammadu Buhari.

He claims that during the fiscal year 2022–2023, the program will cover 318,319 police officers and men.

He said: “I submitted one very important memo to the Federal Executive Council, which has to do with the award of contract for the engagement of insurance underwriters and brokers for the coverage of group life assurance scheme for the Nigerian Police Force for the year 2022-2023 in the total sum of N13,321,742,038.83.

“This is going to cover our police population of 318,319, both officers and men. The Federal Executive Council has graciously approved this memo which will take effect from October 26, 2022, to October 26, 2023.”

The goal of the group life assurance program, according to the Minister, is to support the police officers and men who have been putting in a lot of effort to guarantee the protection of people and property all around the nation.

Abubakar Aliyu, the Minister of Electricity, spoke to the media about the FEC meeting’s results and announced that the Council had granted N3.4 billion for the restoration of Maiduguri, Bornopower,’s supply.

He said: “As you are aware, Maiduguri got disconnected from the national grid due to activities of insurgents. They have been disconnected for over 24 months.

“About nine months ago or thereabout, we were able to supply Maiduguri through an old line which we resuscitated through the effort of the Borno State Government’s Rural Electrification Agency and the Transmission Company of Nigeria.

“They resuscitated a single line of 33KV from Damaturu, Yobe State, and through that, we took a very small quantity of electricity which could only give electricity on the 11KV line.

“So, we are now trying to supply through another new line, a double circuit 33KV which can take up to around 40 Megawatts from the Damaturu 330 substation.

“This is at a cost of N3,164,293,880 plus N250,000 million for security and other logistics.”

 

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: Life InsuranceNigerian GovernmentNPFPolice
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
MTN Benin AI and ML services - Hossam and Uche

MTN Benin and Ericsson deploy AI, ML for Managed Services

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Airtel Tariff Adjustment | Dinesh Balsingh, MD/CEO, Airtel Nigeria.

Airtel Targets Improved Service Quality following 50% Tariff Adjustment Approval

5 months ago
Teach a Child to Read to Learn, Two Hours a Week

Teach a Child to Read to Learn, Two Hours a Week

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

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