FG to Release N701bn Lifeline in the Power Sector…

The Federal Government said yesterday that it would soon release a fresh N701bn intervention fund to the Nigeria Bulk Electricity Trading (NBET) Plc in order to enhance the power sector value chain.

Acting President Yemi Osinbajo said this at the State House in Abuja during the inauguration of the Nigeria Renewable Energy Round table, organized by Ministry of Science and Technology in partnership with the Nigerian Economic Summit Group and Heinrich Boll Stiftung, Nigeria.

“We hope that this injection will help. We are also looking at several other reforms in the sector hoping that the market can become self sustaining, independent and run on its own and free up all of the private sector energy that is waiting to come into the market,” he said.

 

>>>BusinessNews

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