EU rescues Nigeria's Power sector with 33 billion naira grant for improvement

The European Union (EU) has announced that it offered Nigeria a €150m grant (33 billion naira) for power sector improvement. This was made public at an interactive session with the Nigerian Electricity Regulatory Commission (NERC) in Abuja on Thursday. The team leader of the EU delegation, Mr Peter Cameron, said the delegation was exploring possible areas of assistance to address Nigeria’s power challenge. The Chairman of the NERC, Dr Sam Amadi, however, added that the Commission would study the details of the grant and decide on how best the offer could be accessed and optimally utilized Nigeria is currently generating below 4,000 megawatts capacity, grossly inadequate for a population close to 200 million . - See more at: http://www.kingebuka.com/2015/06/eu-to-offer-nigeria-150m-grant-for.html?m=1#sthash.t1peFxqj.dpuf