The Federal Government may soon approach the National Assembly for a supplementary budget of N6.6 trillion to fund the implementation of the Accelerated Stabilisation and Advancement Plan (ASAP) designed to advance President Tinubu’s economy-related “8 Priorities.”
ASAP, among other things, recommended the unbundling and commercialisation of the Transmission Company of Nigeria (TCN).
It also recommended the procurement of 7 million smart meters and 150,000 distribution transformers to enable growth of the power sector.
The ASAP document was prepared by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and submitted to President Bola Tinubu on Tuesday.
The ASAP recommended intervention in four critical sectors with an estimated spending of N6.6 trillion.
The sectors are Agriculture and food security, Energy (Power and Gas), Health and social welfare, and Business support.
