The group also said the removal would bring setback for key power sector reforms that TCN was executing to expand bulk power transmission to 20,000 megawatts (MW) in few years. According to him, Mohammed repositioned TCN and it is evident as multilateral donors flood to invest with cheaper loans in TCN. Mohammed from 2017, worked seamlessly with the former Minister of Power, Works and Housing, Babatunde Fashola, with his Terms of Reference (TOR) to reform TCN. Okoh said: “That has saved billions of naira using the in-house engineers to complete power transmission projects. “The French Development Agency and EU Grant was $500million dollars, World Bank gave $486million, AfDB gave $410million, JICA brought $238million and a grant to deliver capacitor bank in Abuja, Nasarawa and Lagos; World Bank is bringing another $27million for the North Core Project.

Source: The Guardian June 03, 2020 02:15 UTC