Nigeria’s transmission network requires N1.8tr five-year funding

Nigeria’s transmission network requires N1.8tr five-year funding
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The Federal Government has said that Nigeria’s power sector required an investment of $5billion (N1.8 trillion) in the next five years to solve transmission challenges.
The government, which made this known in a document titled: “Investment Opportunities in Nigeria’s Power Sector,” obtained by The Guardian on Monday, stated that the national grid, which comprises of 330kV and 132kV networks currently, has a wheeling capability of 5,300 megawatts (MW) against 6,600MW installed capacity under constrained loading conditions.
According to the document, the network lacks adequate redundancy, which creates instability and frequent outages.

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