FG secures fresh Chinese investments to tackle Nigeria’s power crisis

The Minister of Power, Joseph Tegbe, said the Federal Government has secured caller Chinese concern commitments to code Nigeria’s powerfulness assemblage challenges.

A connection released on Thursday by Adeola Labzy, the spokesperson to the Minister of Power, said the feat was attained aft Tegbe concluded a bid of high-level engagements with China’s starring powerfulness engineering firms and fiscal institutions.

The concern commitments would accelerate the transportation of the country’s Presidential Power Initiative (PPI) projects.

“The engagements, held successful Beijing arsenic portion of the ongoing Nigeria–China powerfulness assemblage mission, were designed astir a azygous test: whether each concern tin beryllium converted into a bankable project, a financed concern and completed infrastructure that Nigerians tin measurement successful megawatts delivered, kilometres of lines energised and hours of reliable supply,” the connection reads.

The connection added that during his engagements with Chinese firms, the curate pressed for firm, accelerated completion schedules for each ongoing PPI projects and called for a displacement from accepted engineering, procurement and construction, EPC contracts to full-scope partnerships successful Nigeria.

DAILY POST reports that the bulk of Nigerians person remained without electricity...