Kashimbila Dam to swallow another N50bn – FRC

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The Fiscal Responsibility Commission (FRC) says the Kashimbila Multipurpose Dam will gulp another N50 billion for its completion, Vanguard reports.

The commission indicated this in its 2016 Physical Verification Report of selected Federal Government capital projects that was released recently. It said the dam had a hydropower generation capacity of 40 Megawatts of electricity, 132 KVA transmission lines, a reservoir and water supply treatment for about 400,000 people in Kashimbila and for irrigation.

The commission said it inspected and verified 51 projects in 2016 in line with its mandate of promoting prudent and transparent fiscal management in Nigeria. It also ensured compliance with the Fiscal Responsibility Act (FRA) in the planning and execution of Federal Government projects.