Chinedu Nebo News

Nigeria: Racing ahead with ambitious infrastructure plans

Nigeria - Racing ahead with ambitious infrastructure plans: This is Africa/Financial Times (Infographic & Report)

Nigeria is a country of vast economic opportunity. It famously became the biggest economy in Africa in 2014, after an economic rebase almost doubled the size of its gross domestic product (GDP). At about $510bn, its economy is now bigger than South Africa’s (and among the top 30 in the world).

Chinedu Nebo, Nigeria’s Minister of Power

Nigerian power firms can raise funds from capital markets: Chinedu Nebo, Nigeria's Minister of Power

Nigeria’s Electric Power Sector Reform (EPSR) Act authorizes the country’s 11 power distribution companies and six power generation companies to raise funds from the capital markets, says Nigeria’s Minister of Power, Professor Chinedu Nebo.

Nigeria's power sector

Nigeria records power generation of 4,600 megawatts for the first time in history

For the first time in Nigeria’s history, the country has been able to record electricity generation of 4,600 MW, according to the Federal Government of Nigeria.

Goodluck Jonathan, President of Nigeria

Nigeria mulls $20B offers to sell power transmission assets

Nigeria is considering offers of more than $20 billion for the assets of its national electricity transmission company as it struggles to provide adequate power to Africa’s largest economy, Power Minister Chinedu Nebo said.

Chinedu Nebo, Nigeria's Minister of Power

Nigeria's electricity generation capacity has risen to 4,500 MW: Chinedu Nebo, Nigeria's Minister of Power

Nigeria’s electricity generation profile has again risen to approximately 4500 megawatts, in addition to excess considerable spinning reserve, the Minister of Power, Prof. Chinedu Nebo said yesterday in Abuja.