The Federal Government of Nigeria has disclosed plans to source from the private sector, part of the 10 billion dollars required to provide regular electricity across Nigeria within the next five to 10 years.

This formed the crux of the deliberation when the Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Oseodion Ewalefoh paid a courtesy visit to the Minister of Power Chief Adebayo Adelabu in Abuja.

The duo agreed that in view of the funding and technical requirements needed to advance the power sector in Nigeria, it had become imperative to seek private sector input through Public Private Partnership (PPP)in co-financing and providing expertise that will ensure optimal performance of power infrastructure.

Speaking during the meeting, the Director General of the PPP regulatory body said that in view of the importance of power to the economic development of Nigeria, optimizing performance of existing infrastructure is key.