According to Power Minister Mr Sale Mamman, it will provide an additional 40 megawatts of power to the national grid.
After the FEC meeting, which was held via video conferencing, he told State House correspondents that the 40 MW would be transferred from the Kashimbilla Dam in Taraba State.
The minister stated,
“The council approved the ministry’s memo for the revised estimated total cost for the augmentation of the subsisting contract in the sum of N4,235,303,821.90, to provide additional 40 megawatts, currently being generated from Kashimbilla, via Takum, Wukari and Yandev, to the national grid.”
Mamman added that if the energy was not diverted from the dam, the country could lose up to 120 gigawatts of electricity or $9 m in a year.
A separate N683 m for Nigerian Ports Authority was also approved by the FEC.
“The council kindly approved the sum of N683,613,000 for the purchase of 19 vehicles for the NPA.
“This is the first time in four years that the NPA is buying any vehicle; that is why the council considered and approved it.
“These are operational vehicles not for management staff or any other thing. They are all Toyota vehicles. “
Meanwhile, the Information and Culture Minister, Mr Lai Mohammed, said the raging COVID-19 was the reason the FEC was held through teleconferencing.
He told reporters though that the virtual option was chosen to allow governance to continue running.
Mohammed added that the e-option was also successful since it required only ministers who had memos to be physically present.
“It has been quite a while and I am sure you all know why. It is COVID-19. But, we must not allow COVID-19 to completely stop us; it might have slowed us down but we must find ways of coping with COVID-19.
“The task force and the various emergency response centres all over the country are doing their best to arrest and slow down the spread. Government also thought it was important to at least find a way of running governance. That is why we resorted to technology.
“After a long time, for the first time in the history of this country; if I can remember, a federal executive council meeting was held via teleconferencing, where only ministers who had memoranda to present were physically present at the villa.
“Other ministers joined from their various offices via teleconferencing. If this is anything to go by, it has even proven to be very efficient way of running government.”