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Nigeria needs $10bn investment to achieve 24-hour power supply

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The Nigerian government said the country needs $10 billion in investment in the power within five to ten years to achieve a 24-hour electricity supply.

The Minister of Power, Adebayo Adelabu, disclosed this when the Director General of the Infrastructure Concession Regulatory Commission , Dr Jobson Ewalefoh, paid him a visit in Abuja on Wednesday. According to him, the Nigerian government alone cannot solve the backlog of challenges facing the country’s power sector, which is why it is calling for private partnerships.

reports that in the past months, Nigeria's national grid had collapsed at least twelve times, which plunged the country into darkness. On Tuesday, the Economic and Financial Crimes Commission, EFCC, blamed corruption by contractors in Nigeria's power sector for the incessant National Grid collapse.

 

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