Nigeria: FG Introduces Power Sector Investment Fund for Long-Term Power Development

press release

The Nigerian Government has established a Power Sector Investment Fund to enable players in the industry access cheap funds for long term development in the power sector.

President Goodluck Jonathan represented by Vice President Mohammed Namadi Sambo said this during the opening ceremony of the International Conference on Power Sector and Infrastructure Financing at the State House, Abuja recently. Adding, only 55% of the Nigerian population has access to electricity presently and this arises mainly from the fact that Nigeria's per capita electricity generation is relatively one of the lowest in global terms.

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