distribution arms of the sector are owned by private companies so they are able to source funding through various investors and banks.”On the other hand, TCN is availed only three sources to garner funds from – government allocation, internally generated revenue, and donor funding from multi-lateral organizations including the World Bank and the African Development Bank.
On his part, Olabode Sowunmi also expanded the discussion on the current gap in Nigeria’s energy infrastructure which has caused stagnation in development. In addition, Olakunle Williams shared his thoughts on the future of energy infrastructure and development in Nigeria, saying, “in the next five years, Nigeria will need to improve its energy access by getting more people connected to the grid. We will also need to considerately step up our gas-based industries because as we continue to meet power needs, we have huge requirements to industrialise in a very short time.
Source: News Formal (newsformal.com)
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