Finance Minister Explains Why Mambila Power Project Was Not Captured In 2021 Budget

Finance Minister Explains Why Mambila Power Project Was Not Captured In 2021 Budget

 

 

 

 

The Minister of Finance, Zainab Ahmed has explained why Mambila Power Project was not captured in the 2021 budget.

According to the Minister, the Mambila Power Project was not removed from the budget of the Ministry of Power but it was not prioritized by the Ministry of Power when it submitted its 2021 budget.

She disclosed this on Tuesday during a budget defense session with the House of Representatives Committee on Finance.

Ahmed explained further that the Ministry of Power exceeded the available envelope for its budget.

She added that ministries are given a budget envelope within which to prepare their budgets and only priority projects are adopted.

The Senate had earlier expressed displeasure when it discovered that the much talked about Mambila Power Project was not captured by the Federal Government in the 2021 Budget.

This was after the Minister of Power, Mamman Sale, appeared before the Senate Committee on Power for the 2021 budget defence session of the ministry and its agencies.

The Mambila Power Project was designed to help improve power generation and supply in Nigeria. The hydropower project has a generation capacity of 3,050 Mega Watt (MG) when completed.

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