A statement issued on Wednesday in Abuja by Mr Paul Nwabuikwu, spokesman for the Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala, said the money was released, following approval by President Goodluck Jonathan.
“N8.27 billion was specifically released to the Federal Ministry of Power for the DISCOs and GENCOs, following approval by President Goodluck Jonathan,’’ it said.
It said that the Ministry of Finance had paid N72.7 billion to the Federal Ministry of Power, so far this year, to cover various items in line with the implementation of the power roadmap.
The amount, it said, included the N45 billion paid to Power Holding Company of Nigeria (PHCN) workers, as part of the power privatisation programme.
It also includes monies released under the Multi Year Tariff Order (MYTO).
“Other beneficiaries include the Ministry of Power headquarters, PHCN, National Rural Electrification Agency, National Electricity Regulatory Commission, National Power Training Institute, National Electricity Liability Management Limited/GTE (NELMCO) and Bulk Trader,’’ it said.
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