Nigeria: Power Sector Needs U.S.$500 Billion - NERC

Lagos — Nigeria needs $500 billion investment in the power sector to achieve uninterrupted electricity supply the Nigerian Electricity Regulatory Commission (NERC) has said.

A $300 billion investment is also needed to attain 10,000Megawatts of power generation, the NERC's commissioner for Marketing, Competition and Rates, Eyo Ekpo said yesterday in Lagos.

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