Abuja - Nigeria has unveiled plans to invest N437 billion (about US$250 million) to increase power generation of the state grid, a senior government minister has said.
The latest development is set to see the power generation increase from 4 500 Megawatts 6 000Mw by July this year.
The Minister of State for Power Development, Hajia Zainab Kuchi, made the announcement on Wednesday during a session between his ministry and the Senate Committee on power development.
Kuchi said the government was on course to meet its electricity generation targets, saying the process of privatising the Power Holding Company of Nigeria
(PHCN) had been closed.
Nigeria, the sub-continent's economic powerhouse, currently produces 4 500MW of power.
- CAJ News