FG seeks private investment amid N10tn power sector spending

The Federal Government of Nigeria has invested over N10tn in the electricity sector since its privatization in 2013, but this intervention has not yet delivered the reliable power supply that was expected from the reform. Kenny Anuwe, Managing Director of FGN Power Company Limited, stated that while government funding has been significant, it has been insufficient to meet the sector's ambitions.

He called for increased private sector participation and alternative financing models to accelerate infrastructure development, emphasizing that government funding alone cannot address Nigeria's electricity challenges.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.