Nbet cbn negotiate new n180bn stimulus power sector
It appears that you're referring to a recent news article or development in the Nigerian power sector. Here's a breakdown of the information:
What's happening?
The Nigerian government, through the Central Bank of Nigeria (CBN), is negotiating a new stimulus package worth N180 billion to support the power sector.
What is the stimulus package for?
The stimulus package is aimed at addressing the challenges facing the power sector, including the lack of adequate funding, infrastructure gaps, and the need to increase power generation and distribution.
What are the key components of the package?
The package is expected to include:
- Funding for power generation and distribution: The CBN will provide funding to power generation and distribution companies to enable them to upgrade their infrastructure and increase power supply.
- Support for renewable energy projects: The package will also provide funding for renewable energy projects, such as solar and wind power, to reduce the country's reliance on fossil fuels and increase the use of clean energy.
- Improvement of transmission infrastructure: The CBN will provide funding to upgrade the transmission infrastructure, including the construction of new transmission lines and substations, to improve the efficiency and reliability of the power grid.
Why is this package important?
The stimulus package is important because it will help to address the chronic power shortages that have plagued Nigeria for years. The package will also help to attract foreign investment and create jobs in the power sector.
What are the next steps?
The CBN and the Nigerian government are currently negotiating the details of the package with stakeholders in the power sector. Once the package is finalized, it will be implemented to support the growth and development of the power sector.
I hope this summary helps!