Nigeria Needs $450m From Islamic Bank To Generate 20,000mw Of Electricity

Started by Shola Sholaz, Aug 05, 2013, 10:56 AM

Shola Sholaz

Vice-President Namadi Sambo says that Nigeria needs about 450 million dollars from the Islamic Development Bank (IDB) to expand its electricity generation capacity to reach 20,000 megawatts.
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A statement issued in Abuja by Malam Umar Sani, the Senior Special Assistant to the Vice-President on Media, said that Sambo said this on Sunday when he received the President of the IDB, Dr Ahmed Mohammed Ali, in Makkah.
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Sambo, who is in Saudia Arabia to perform this year's lesser Hajj, expressed appreciation for the continued support of the IDB to Nigeria.
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He stated that all the approvals granted by the bank over the years had been ratified by the National Assembly and the Federal Executive Council (FEC).
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The vice-president urged the bank to consider the construction of a road linking Lagos to Abidjan in Cote d'Ivoire.

Folami David

Electricity is something that should be considered more in this country. I've nt seen any improvements so far and that is ridiculous.