Nigeria, Japan sign $21-mln power deal
ABUJA, November 26, 2018 – Nigeria and Japan have signed a USD 21-million agreement on the rehabilitation of the Lagos transmission station, local media reported over the weekend.
Nigerian Minister of Budget and National Planning Senator Udo Udoma said the Japanese government was donating the project, adding that it was an important part of the Economic Recovery and Growth Plan (ERGP).
“The ERGP aims to restore growth, invest in people and build a globally competitive economy. But not just to restore growth, but a growth that is diversified, inclusive and sustainable,” the minister said. “Among its execution priorities is the attainment of energy self-sufficiency in power and petroleum products.”
Nigeria has long suffered shortcomings in its power generation sector. Last year, Nigeria National Petroleum Corporation unveiled a power plant construction programme that will double Nigeria’s power generation capacity over the next 10 years.
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