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

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The federal government has announced plans to bridge the $10 billion funding gap needed to ensure consistent electricity supply across the country over the next five to 10 years.

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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