Ministers of Finance and Power Announce IPP Deal


The Federal Government has announced a One Billion Dollar Memorandum of Understanding with a Consortium of Independent Power Project Investors to generate 450 Megawatts of electricity to the national grid.

Ministers of Finance and power who announced this in Abuja said the Azura IPP Greenfield project underscores the confidence of investors in the prospects of Nigerian economy and the power sector in particular.

Finance and Economy correspondent Cliff Ayozie reports

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