The Chairman, Transition Company of Nigeria (TCN) Hamman Tukur yesterday urged President Goodluck Jonathan to spend the excess crude fund to develop the power sector for the benefit of the citizenry.
He advised the Federal Government to vote $2 from each barrel of crude daily for the upgrade of the power sector.
He spoke during the inaugural meeting of the reconstituted supervisory board of the TCN in Abuja.
Nebo had earlier addressed the board and asked Tukur to give a goodwill message.
According to Tukur, other countries spend their excess crude fund on infrastructural development, adding that Nigeria should borrow a leaf from them.
Tukur, who said he was confident in the availability of sufficient fund for the development of the sector, hinged his claim on his experience as the chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMFAC), where he designed the country’s revenue sharing formula for 10 years.
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