FG seeks private sector support to bridge $10bn funding gap in power industry

The federal government has announced plans to leverage the private sector to bridge a $10 billion funding gap needed to ensure a stable electricity supply across the country.

it had become imperative to seek private sector input through public-private partnership in co-financing and providing expertise that will ensure optimal performance of power infrastructure. Ewalefoh said in a bid to accelerate PPP investment as directed by President Bola Tinubu, the ICRC had issued a six-point policy direction which has ultimately streamlined the process of PPP service delivery.

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