FG, Chinese Firm Sign $328.8m Electricity Transmission Deal  The Federal Government on Wednesday signed a $328.8m contract with Chinese firm China Machinery Engineering Corporation to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative. The pact was for engineering, procurement,...

Nigeria to Invest $800m in Power Sector The Federal Government says it plans to invest 800 million dollars in the construction of sub-stations and distribution networks as part of the Presidential Power Initiative (PPI). This is contained in a statement issued by Mr Bolaji Tunji, the...