Nigeria seeks $10 billion in private investment to ensure 24-hour electricity, partnering through PPPs.

Nigeria's Federal Government plans to seek $10 billion in private sector investment over the next 5 to 10 years to achieve 24-hour electricity supply. The Minister of Power and the Infrastructure Concession Regulatory Commission (ICRC) will collaborate through Public-Private Partnerships (PPP) to co-finance and improve the power infrastructure. The ICRC issued a 6-point policy to streamline PPP processes and attract foreign investment, aiming to boost Nigeria's economy and address funding gaps.

November 13, 2024
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