Power Sector Reforms Get N537.6b Government Investment
 24th OCT 2006

An estimated sum of $4.2 billion (about N537.6 billion) has been invested by the Federal Government in the power sector reforms which begun about four years ago. The Finance Minister, Mrs. Esther Nenadi Usman, said the investment under the general economic reform programme of government is to improve electricity generation and distribution in the country aimed at increasing industrial growth through capacity utilisation. A statement by the Minister’s Chief Press Secretary, Mr. Abdulganiyu Aminu, revealed the monetary investment in the sector when the Vice-President of African Development Bank, Mr. Mandla S.V. Gantsho visited the Minister. The Federal Government is building new industry power plant in the Niger Delta area as well as Hydro-power plant in the Mambilla Plateau.

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