Osinbajo: Public-Private Sector Collaboration Will Bridge Nigeria s $2 3trn Infrastructure Deficit – THISDAYLIVE thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Vice President Yemi Osinbajo, SAN on Tuesday said the collaboration between the Federal Government and the private sector will not only ensure effective coordination of the infrastructure development across the nation, and all sectors of the economy, but also bridge the nation’s infrastructure gaps.
Vice-President Yemi Osinbajo says collaboration between the federal government and the private sector will ensure effective coordination of infrastructure development across the nation.
The Federal Government, yesterday in Abuja, said 10 Gigawatts (10,000MW) of electricity is feasible from an investment of $3 billion being made in the power sector.
The prevailing situation of the nation’s power sector has rendered most of the previous projections by political actors a mere lips service as the country’s current transmitted electricity only stands below 5,000 megawatts. By projections, Nigeria should be generating 40,000 megawatts while a plan indicated leapfrog to 30 gigawatts by 2030. x
Vice President, Yemi Osinbajo however told stakeholders at a conference organised by the Nigerian Association for Energy Economics (NAEE) that bottlenecks are being addressed while noting that accelerated investment in transmission and distribution of over $3 billion will put Nigeria on a path to 10GW of electricity.