“One of the issues they (National Assembly) raised was about the exchange rate.
That we used 290 as the exchange rate, and that was the exchange rate of the time.
So, you only use the exchange rate that is valid at that time. Naturally by now you will change that.So, the numbers whenever we appear before the National Assembly we’ll engage them and take them through one by one, and through each items.
But that MTEF was extremely well prepared consistent with the best possible methods of preparation by people who are very experienced in preparing MTEFs,” he said.
“The other matter we considered, of course, was in furtherance of our Incremental Power Initiative and our Rural Electrification Initiative and this was in respect to small hydro dams which can help us get more energy especially to rural areas to support farming; to support irrigation; to support water supply and of course rural electrification.So, Council approved the Business Case for concessioning and development of Ikere goji dam (Oyo) for 6 megawatts of electricity, Bakolori dam (Zamfara) for 3.2 megawatts; Jibiya dam (Katsina State) for 4 megawatt, Zobe dam(Katsina State) 0.29 megawatt and Kpape Omi dam in Kogi for 2 megawatt of electricity and Doma dam (Nasarawa) for 1 megawatt of hydro electricity,’’ he said.