Federal Government needs N20.6trn to Give Nigerians Power

The federal government may require about N20.6 trillion (127 Billion US Dollars) to generate adequate power supply in the country, the assistant general consumer services, Kano electricity business company, Alhaji  Abdulazee Amoo  has said.

Disclosing this  at a public  sensitization forum  on Multi year tariff order (MYTO) which was held at Federal secretariat Dutse, said  the federal government wants to partner with the private sector because government alone cannot fund the sector.

The assistant general manager explained that government  realized the need for investors from within and outside the country to invest in the power sector in order to compliment the government efforts in restoring steady power supply in the country.

Alhaji  Amoo further explained that under the new tariff of power sector, the life line or lower customers will enjoy subsidy, adding that meter maintenance fees as well as estimation billing has been revoked  under the new tariff..

Said he “ The national electricity regulatory commission (NERC) has directed power holding company to ensure that they register all power consumers in the country within   the next 18 months.

Source: Vanguard News

I say here we go again, "government  realized the need for investors" - where is the modalities for the in-house and external investors to participate?