Rural electrification is to get the highest capital investment from the Federal Government in the power sector in 2022, as $279.6m (N114.64bn) has been appropriated for it.
An analysis of the 2022 Appropriation Bill that was presented to the National Assembly recently shows that the government plans to spend more in providing electricity in rural areas than in other arms of the power chain next year.
In the bill, the government appropriated N104.18bn for capital projects under the Transmission Company of Nigeria, while N74.23bn was budgeted for projects to be handled by the headquarters of the Federal Ministry of Power…
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