6bn judgment of a United Kingdom court, Process & Industrial Process, has said its Gas Supply and Processing Agreement with Nigerian would have generated 2000 megawatts had the country not reneged on its part of the deal.P&ID stated that only 59 per cent of the country had access to reliable supply of electricity, citing World Bank’s report.
“At present, the World Bank estimates that only 59 per cent of the country have access to reliable supply of electricity. “All of this raises serious concerns for foreign investors in Nigeria, whether you are investing in a commercial enterprise or considering buying the next tranche of Eurobonds.
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