The Federal Executive Council (FEC), on Wednesday, approved the sum of $64 million for power supply to communities around the Escravos area in the oil-rich region of Delta State.
The Minister of State for Petroleum Resources, Ibe Kachikwu, disclosed this at the end of weekly FEC meeting presided by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.
Mr Kachikwu said the execution of the contract will stop the N18 million spent monthly by the Nigerian National Petroleum Corporation (NNPC) to provide power to the area.
Escravos is hosts to two international oil companies, Shell and Chevron. Communities likely to benefit from the provision of power supply include Ugborodu, Ogidigben, Jala, Madagho and Ajidubu.