The Central Bank of Nigeria (CBN), governor, Sanusi Lamido Sanusi, has assured that the capitalised Nigerian commercial banks have the capacity to fund investments in the country's power sector. Experts estimate that about $80.77 billion in every five years, and about $16.15 billion yearly. And for the vision of making the country one of the top 20 economies by 2020 to be realized, business leaders say there is need to invest huge funds in the sector which government alone cannot provide.

"Government alone cannot provide this funding. The private sector must play a central role in mobilising the required funding, hence the role of the financial institutions here cannot be overemphasised." Sanusi spoke on "The Role of Banks in the Financing of Power Projects in Nigeria," in a paper presented on his behalf by C.M. Anyanwu, deputy director, real sector division of CBN, in Port Harcourt.


source:   http://www.businessdayonline.com/index.php?option=com_content&view=article&id=6433:nigerian-banks-can-finance-power-sector-sanusi&catid=1:latest-news&Itemid=18