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After N450bn spending, power generation remains stagnant

•Jonathan wants more action Despite investing over N450 billion- the equivalent of $3 billion, on the National Independent Power Projects (NIPPs) in the last three years, the Federal Government has only succeeded in maintaining power generation at 3,400 mega watts, BusinessDay has learnt. The NIPP project enjoys joint funding from the three tiers of government: federal, state and local, to the tune of $5 billion.The three year period represents only the Umaru Yar’Adua years, after the funding ...
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Added July 20, 2010
from Businessday Nigeria