• Sun. Apr 21st, 2024

FG Approves $2m Payment To West African Power Pool

Federal Executive Council FEC has on Wednesday approved $2 million Nigeria’s annual contribution to the West African Power Pool, WAPP.

The approval was disclosed by the Minister of Power, Saleh Mamman, while briefing State House correspondents at the end of the FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja.

Alhaji Sale Mamman explained that the pool was about having synergy within the West African region for generation of electricity so as to have more constant and steady power supply.

“It is important to recognize that participation in this regional market will also generate immediate foreign exchange for Nigeria as oil revenue is dying’ ‘He said.

Also speaking on the approval, Minister of Information and Culture, Alhaji Lai Mohammed, said, Each country would produce its own power.

”But there is a line that runs through the whole of West Africa, Each member state contributes annually to the cost of power transmission across pool.”

According to Lai Muhammad, “The consequence is that if there is a problem in one country, it could inadvertently affect other countries. So, this was created in 1999 by the Authority of the West African Head of State.”