Nigeria’s energy plan to gulp $400 billion: Buhari

President Muhammadu Buhari says Nigeria needs $400 billion on an ambitious energy plan to reduce energy shortcomings by 2030 the federal government is working on.

According to him, the scale of financing required for Nigeria to achieve net-zero amounts to over $400 billion across the Nigerian economy “in excess of business-as-usual spending” over the next 30 years.

“This breaks down to $155 billion net spend on generation capacity, $135 billion on transmission and distribution infrastructure, $75 billion on buildings, $21 billion on the industry, and $12 billion…

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