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Nigeria needs $10bn investment to achieve regular electricity

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Mr Adelabu said that the government alone could not afford the $10 billion when other critical sectors needed funding.

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In the statement, Earlier, Mr Ewalefoh said it had become imperative to seek private sector input through Public Private Partnership to improve the power sector.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.He said in view of the importance of power to the economic development of the nation, optimising performance of existing infrastructure as well as funding new ones was imperative.

“Revamping the power sector requires planning, it involves investments and it takes time. So, we need to collaborate to solve the issues in this sector. The D-G said that the commission was not relenting or compromising on its stringent regulatory function to forestall contingent liabilities or unnecessary delays by companies that lacked the requisite capacity.

 

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