Tegbe: Over 15,000 MVA Capacity Added to Grid in Three Years, Eyes N19bn Private Investments
•FG spends over N10tn on power supply in 13 years, says Anuwe Emmanuel Addeh in Abuja The Minister of Power, Mr. Joseph Tegbe, has disclosed that more than 15,000 megavolt-amperes
The Minister of Power, Joseph Tegbe, has announced that over 15,000 megavolt-amperes (MVA) of additional transmission capacity has been added to Nigeria's national grid between 2023 and 2026. This development comes as part of efforts to support President Bola Tinubu's ambition of building a $1 trillion economy. Kenny Anuwe, Managing Director of FGN Power Company Limited, revealed that the federal government has invested more than N10 trillion in Nigeria's Electricity Supply Industry (NESI) since the privatization of the sector in 2013.
The investments aim to address longstanding financial and infrastructure challenges in the electricity sector, with the government taking steps to settle verified legacy debts owed to generating companies.
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