The Federal government in a bid to boost electricity generation, and national grid stability, is planning to invest $20bn investment in new power plants and transmission lines.
This was revealed by the Power Minister, Adebayo Adelabu at the opening ceremony of the ongoing Nigeria Energy Summit in Lagos on Tuesday.
While delivering his address at the summit; Adelabu said FG would grow the power sector in 2023 and beyond through huge investments.
According to him; FG was also ramping up preparations to attain at least 20,000 megawatts of electricity generation in the next three years. He noted that energy is the lifeblood of any economy, and no meaningful industrial growth can be achieved without power.
