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

  • 📰 thecableng
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FG Targets $10 Billion Power Investment with Private Sector CollaborationThe Nigerian government has announced plans to partner with the private sector to address the $10 billion funding gap required to overhaul
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Nigeria needs $10bn investment to achieve regular electricityMr Adelabu said that the government alone could not afford the $10 billion when other critical sectors needed funding.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

NCDMB seeks industry-wide support for FDIs, NOGOF, others, to boost crude output, energy securityThe Executive Secretary, NCDMB, Felix Omatsola Ogbe, in a paper entitled “Resolving the Nigerian Energy Trilemma: Energy Security, Sustained Growth, and Affordability,” identified alarming scale of pipeline vandalism and theft of crude oil as the biggest threats to Nigeria’s energy...
Source: PremiumTimesng - 🏆 3. / 78 Read more »