FG secures fresh Chinese investments to tackle Nigeria’s power crisis
The Minister of Power, Joseph Tegbe, said the Federal Government has secured fresh Chinese investment commitments to address Nigeria’s power sector challenges. A statement released on Thursday by Adeola Labzy, the spokesperson to the Minister of Power, said the feat was attained after Tegbe concluded a series of high-level engagements with China’s leading power engineering firms and […] FG…
Minister of Power Joseph Tegbe has secured fresh investments from China to tackle Nigeria's power sector issues, according to a statement released by the ministry. The impressive feat was achieved after Tegbe engaged in high-level discussions with China's top power engineering firms and financial institutions. These talks took place in Beijing as part of a broader Nigeria-China power sector mission.
The objective was to determine if each relationship could result in a viable project, financed investment, and completed infrastructure that Nigerians could quantify in megawatts delivered, kilometers of energized lines, and hours of reliable power supply. During his interactions with Chinese companies, Tegbe emphasized the urgency for swift completion schedules for all ongoing Presidential Power Initiative (PPI) projects.
He also advocated for a transformation from traditional engineering, procurement, and construction contracts to full-scope partnerships in Nigeria.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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