Nigeria needs $10bn investment to achieve 24-hour power 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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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.
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FG seeks private sector support to bridge $10bn funding gap in power industryThe 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.
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