The Federal Executive Council (FEC) has approved N13 billion for compensation payments under the Lagos Transmission Industrial Project, part of a broader push to modernize Nigeria’s power infrastructure and strengthen electricity supply for industrial growth.
Minister of Power, Adebayo Adelabu, made this known on Wednesday after FEC meeting chaired by President Bola Tinubu in Abuja.
He said four key proposals were approved, marking a new phase in the country’s ongoing power sector transformation agenda.