NewsNigeriaPolitics$10bn Requires Annually to Revive Power Sector – Minister
The Federal Government of Nigeria requires 10 billion dollars in annual investment to revive the power sector for the next 10 years. Minister of Power, Mr. Adebayo Adelabu disclosed this at a one-day investigative hearing on halting the electricity tariff increase by the Nigerian Electricity Regulatory Commission, NERC, in Abuja on Monday organised by the Senate Committee on Power. The minister said the major challenge in the sector was the absence of liquidity, stressing that...