{"id":55841,"date":"2024-11-13T21:25:51","date_gmt":"2024-11-13T21:25:51","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=55841"},"modified":"2024-11-13T21:25:51","modified_gmt":"2024-11-13T21:25:51","slug":"nigeria-requires-10-billion-investment-for-24-hours-power-supply-minister","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/11\/13\/nigeria-requires-10-billion-investment-for-24-hours-power-supply-minister\/","title":{"rendered":"Nigeria Requires $10 Billion Investment for 24-Hours Power Supply -Minister"},"content":{"rendered":"<p>Nigeria will need an estimated $10 billion in investment over the next decade to secure 24-hour electricity nationwide, according to Minister of Power Adebayo Adelabu.<\/p>\n<p>Speaking on Wednesday in Abuja, Adelabu emphasized the need for private sector involvement to address the country&#8217;s significant power challenges, as government funding alone will not be sufficient.<\/p>\n<p>&#8220;Achieving a 24-hour power supply within 10 years requires around $10 billion, which the government alone cannot provide,\u201d Adelabu stated. He stressed the importance of partnering with the private sector through Public-Private Partnerships (PPPs) while keeping a government stake in the sector.<\/p>\n<p>This investment push aims to bring lasting solutions to Nigeria\u2019s power supply issues, supporting economic growth and stability in the energy sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria will need an estimated $10 billion in investment over the next decade to secure 24-hour electricity nationwide, according to Minister of Power Adebayo Adelabu. Speaking on Wednesday in Abuja, Adelabu emphasized the need for private sector involvement to address the country&#8217;s significant power challenges, as government funding alone will not be sufficient. &#8220;Achieving a [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":55842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[],"class_list":["post-55841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abuja-reports"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=55841"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55841\/revisions"}],"predecessor-version":[{"id":55853,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55841\/revisions\/55853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/55842"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=55841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=55841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=55841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}