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

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.

South Africa South Africa Latest News, South Africa South Africa 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 »