[size=15pt]Nigeria: Power Sector to Generate $40 Billion Investment in 10 Years - Jonathan[/size]


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Olorunsogo Power Plant


Lagos — President Goodluck Jonathan yesterday said that more than $40 billion worth of investment would be generated by the power sector in the next 10 years.

Jonathan, who was represented by the Minister of Industry, Trade and Investment, Mr Olusegun Aganga, gave the assurance at the 10th Lagos International Trade Fair.

"We have created an environment for investment. It is in this capacity that over $40 billion worth of foreign investment will be coming into the country within the next 10 years.

"These are coming from companies like China Power that has invested over 20,000 megawatts of power and General Electric co investing another 10,000 megawatts of power.

He threatened to sanction new owners of the successor companies of the Power Holding Company of Nigeria (PHCN), who default on the delivery of performance agreement they signed with government....


http://allafrica.com/stories/201311041674.html

i hear u

With $40 billion worth of investment directly and indirectly at the same time in the next 10 years coming into Nigeria as a result of the revolution taking place in the Power Sector, it is very certain that the effect of this projection will start flowing in as from next year (2014)! That means yearly, $4 billion (about =N=644 billion) will be realised for the next 10 years which would have absolved the upsurge in the teeming unemployment challenges facing this country! Jonathan has a good heart