The Federal Executive Council on Wednesday approved the procurement of ₦706.9 million tools for the rehabilitation of one of the six units of the Jebba Hydro Electric Plant in Kwara State.
The rehabilitation of the entire plant will gulp about ₦3.9 billion that will be provided by the Japanese government through a grant to Nigeria.
The Minister of Power, Prof. Chinedu Nebo, disclosed this to State House correspondents at the end of the weekly FEC meeting presided over by President Goodluck Jonathan.
Nebo addressed journalists alongside the Minister of Information, Mr. Labaran Maku; and the Minister of Agriculture, Dr. Akinwunmi Adesina.
He said the sum approved by FEC to buy the tools that would be specially fabricated for the overhauling of the unit was Nigeria’s required counterpart funding of the grant.