The Minister of Power, Chief Adebayo Adelebu, yesterday, said Nigeria needs $10 billion annually for 20 years to have stable electricity supply.
Adelabu said this same day the federal government through the Rural Electrification Agency (REA) unveiled the third phase of its flagship Rural Electrification Fund (REF), aimed at expanding off-grid electricity access to Nigeriaโs most underserved communities.
The minister spoke in an interview with journalists after inaugurating the 2.5mw solar hybrid power project at the Nigerian Defence Academy (NDA), Kaduna.
He said the infrastructure deficit in the power sector had piled up over the last 60 years due to a lack of maintenance, lack of additional investment, and failure to revive transmission grids. (Thisday)