Power nnpc targets 15bn investment to generate 4000mw
It seems like you're referring to a news article or a press release about the Power Nigeria (NNPC) targeting a significant investment to generate 4000MW of electricity.
To provide more context, the Nigerian National Petroleum Corporation (NNPC) is the state-owned oil and gas company of Nigeria. In recent years, the corporation has been exploring ways to diversify its revenue streams and contribute to the country's economic development.
The article you're referring to likely mentions that NNPC is planning to invest around ₦15 billion (approximately $40 million USD) to generate an additional 4000MW of electricity in Nigeria. This is a significant investment that could have a positive impact on the country's power sector, which has been plagued by chronic shortages and outages.
The investment is likely to involve the development of new power generation infrastructure, such as gas-fired power plants, solar farms, or wind farms. The goal is to increase the country's power generation capacity, reduce reliance on imported fuel, and provide a more reliable and efficient supply of electricity to households and businesses.
It's worth noting that the Nigerian power sector has faced numerous challenges in recent years, including inadequate infrastructure, corruption, and lack of investment. Therefore, any significant investment in the sector is likely to be welcomed by stakeholders and could have a positive impact on the country's economic development.
If you have any specific questions about the article or the investment plan, feel free to ask!