EU Offers Nigeria $150m Grant For Power Sector Improvement
European Union (EU) has announced the availability of 150 million Euros grant to Nigeria to give the power sector the needed boost.
This was disclosed at an interactive session with the Nigerian Electricity Regulatory Commission (NERC) in Abuja on Thursday by the team leader of the EU delegation, Mr Peter Cameron.
According to Cameron, the delegation was exploring possible areas of assistance to address Nigeria’s power challenge.
The Chairman of the NERC, Dr Sam Amadi, said the Commission would study the details of the grant and decide on how best the offer could be accessed and optimally utilised.
Nigeria is currently generating below 4,000 megawatts capacity, grossly inadequate for a population of over 160 million.
Sources: Channels TV
