The experts said that they expect the privatisation will be reviewed in 2023 as the license circle for the process is 10 years.
“But the avoided disruptions would save an estimated $4.2 trillion over the useful life of new infrastructure,” said the World Bank climate director.
The MoU was signed at the end of an expansive meeting between the leadership of NUEE and relevant government institutions in the power sector.
Certain ministries, departments and agencies failed to honour a Senate committee meeting to justify their input in loans already approved for the Buhari regime.
Nigeria’s minister of power pleaded with the Egyptian ambassador to help resolve the country’s electricity quagmire.
“It is our duty to serve our customers.”
The new record was achieved on October 28.
Despite limited funding allotted to capital projects, the budget’s projected deficit of N4.98 trillion will be financed mainly by borrowing.
