Federal Government Allocates N450bn For 2024 Power Intervention Fund.

Ayorinde Taiwo (SIWES student, Gate Way Polytechnic Saapade)

The Nigerian Bulk Electricity Trading Company’s budget analysis reveals that the Federal Government plans to invest N450bn in power interventions in 2024.

This allocation is part of the Government Owned Enterprise’s total expenditure of N454.81bn for the year.

Despite previous interventions, the power sector continues to face challenges, prompting the House of Representatives to probe the financial interventions of over $1.25bn in the past decade.

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