Abuja - General Electric has signed a memorandum of understanding with Nigeria to invest $10bn in new power plants for Nigeria in which it will take 10-15% equity stakes, a power ministry spokesperson told Reuters on Monday.
The spokesperson said GE would be “partnering with the government and the power sector partners”, in a deal that will go ahead after privatisation of Nigeria’s dilapidated and woefully inadequate power sector goes ahead.
The spokesperson said GE would be “partnering with the government and the power sector partners”, in a deal that will go ahead after privatisation of Nigeria’s dilapidated and woefully inadequate power sector goes ahead.