The Minister of Power, Adebayo Adelabu, announced the release of $800 million by the federal government to support Nigeria’s Presidential Power Initiative.
This fund will be used for building substations and distribution lines in several DISCO regions across the country.
Adelabu, on a tour in Beijing, also highlighted efforts to increase power generation to 6,000 MW by year-end, with goals of achieving 30 GW by 2030, 30% of which will come from renewable energy.
He further emphasized the need for a new super grid to modernize Nigeria’s outdated infrastructure.
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