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‘Nigeria needs investment in power generation’

Nigeria: Nigeria will require a regular capital investment of NGN 520 billion (NGN: Nigerian Naira) to increase its electricity generating capacity from 4,200 megawatts (mw) to 13,000mw by 2013, observed Prof. Bart Nnaji, Ministry of Power, Nigeria.

According to Nnaji, the ministry’s strategic initiative to improve power generation and distribution in the country include development of GIS-based energy map. He said that there is a need of investment in this sector in line with the ongoing reforms, as that government alone can’t meet the necessary requirement.

The minister informed that Nigeria is at third position in Africa with 5.96 Gig watts (GW) power generation. It is behind South Africa and Egypt which generates 40.498GW and 20.46GW respectively.

Source: www.thisdaylive.com