The Federal Government says it requires 10 billion Dollars in annual investment to revive the power sector for the next 10 years.
Minister of Power, Adebayo Adelabu, said this in Abuja at a one-day investigative hearing on halting the electricity tariff increase by the Nigerian Electricity Regulatory Commission, (NERC), Organised by the senate committee on power.
The Minister said a major challenge in the sector is the absence of liquidity, saying that the sector has been operating on a subsidized tariff regime, given the absence of a cost-reflective tariff.