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Power company to receive financial injection

    ABIDJAN

    Nigeria's government has decided to spend about US $30 million to reduce power outages in the country by half, according to a report on state-owned Nigeria Television Authority (NTA).

    The National Executive Council decided this week at a meeting chaired by President Olusegun Obasanjo to provide the Ministry of Power and Steel and the National Electric Power Authority (NEPA) with 2.3 billion naira to improve the generation, transmission and distribution of electricity in the short term, NTA reported.

    The naira is valued at about 99 to the US dollar.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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