He said power supply, which dropped to a little over 2000 megawatts, has increased to 4000 megawatts.
“It’s back now at over 4000 megawatts. We have solved the transmission problem in Ikot Ekpene largely to evacuate over a thousand. But the gas suppliers were being owed so they were not supplying gas for the power producers.
“As to the quantum of the guarantee, it is for two years from January this year to December 2018.’’
Fashola said he also briefed the cabinet on the Public-Private Partnership (PPP) status of the Second Niger Bridge and Lagos-Ibadan expressway.
The two Federal Government projects are uncompleted but the FEC resolved that the PPP arrangement will continue to be pursued.
Minister of Agriculture, Audu Ogbeh, said the FEC approved the sum of N263 million for three research institutions to produce gum arabic seedlings for Nigerian farmers and for export.
Gum Arabic is a major crop in the northern part of the country, stretching from Borno to Zamfara, adding that 17 of those states will grow the seedlings for export.
He said Nigeria earned $43 million from export of gum arabic last year, and that more will be earned with increased production, especially as the commodity is in high demand in other countries.
Ogbeh disclosed that similar efforts are on by the authorities to boost cassava production.
Including GuardianNg report.