Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, and the Managing Director, Niger Delta Power Holding Company, NDPHC, Mr. James Olotu on Tuesday told the Senate that the Federal Government has invested a N2.74 trillion in Nigeria’s power sector over the last 16 years.
See breakdown of appropriation and money released for power from 1999 to 2015 :
1999 – N11.206 billion appropriated, N6.698billion released;
2000 – N59.064billion appropriated, N49,785 billion released;
2001 – N103. 397 billion appropriated, N70.927 billion released;
2002 – N54.647billion appropriated, N41.196 billion released;
2003 – N55.583billion appropriated, N5.207billion released;
2004 – N54.647billion appropriated, N54. 647billion released;
2005 – N90.283 billion appropriated, N71.889 billion released;
2006 – N74.308 billion appropriated, N74. 3 billion released;
2007 – N100 billion appropriated, N99.8 billion released;
2008 – N156 billion appropriated, N112 billion released;
2009 – N89. 5 billion appropriated, N87billion released;
2010 – N172 billion appropriated, N70 billion released;
2011 – N125 billion appropriated, N61 billion released;
2012 – N197. 9 billion appropriated, N53. 5billion released;
2013- N146 billion appropriated, N49 billion released;
2014 – N69.8 billion appropriated, N48 billion released; and,
2015 – N5. 240billion appropriated, no money released yet.
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