Nigeria’s power sector woes will require a yearly expenditure of $10 billion until 2034 to be addressed, according to the Minister of Power, Mr Adebayo Adelabu.
The minister admitted that there was a huge infrastructure gap in the power supply chain, which the federal government lacked the financial muscle to shoulder alone.
He recommended a multi-sectoral approach, including the involvement of the private sector, to harness the financial requirements needed to revive the sector and end the frequency of darkness in Africa’s most populous nation.
He spoke in Abuja on Monday during an “Investigative Hearing on Halting the New Electricity Tariff Increase by the Nigerian Electricity…
Source: Nigerian Tribune
