The House of Representatives Committee on Power has stopped the execution of new projects by Transmission Company of Nigeria, TCN, in the 2021fiscal year.
The Committee, at the 2021 budget defence session in Abuja disclosed that it will only appropriate funds in the 2021 budget for projects listed in 2020 budget but were not executed.
Managing Director of the TCN, Suleiman Abdulaziz, in appraising the 2020 budget performance, told the committee that the agency was unable to undertake over 30 projects listed in the budget.
Abdulaziz said that the Company had 119 on-going projects captured in the 2020 budget, and 14 new projects proposed in the 2021 budget.
He disclosed that out of N6billion appropriated for the Company in 2020, N3billion was released, but the Company was only able to utilize N1.9billion.
He blamed this on host communities, letigations, insecurities, vandalization of TCN infrastructure, inability to process funds as well as the COVID 19, amongst others.
The TCN Boss however disclosed that a total of N165.8 billion was proposed in the 2021 budget, to enable complete on-going projects and start new ones but was given only an envelope of N4billion.
Chairman of the House Committee on Power, Hon Aliyu Magaji, was displeased with the presentation and wondered what TCN will do with N4billion out of proposed N165.8billion.
He noted that until TCN’s projects are achieved, the Siemens project embarked on by this present administration will not be possible because without transmission, there would not be distribution.