CBN’s Power Intervention Fund Contributed 1,274MW to Grid in 2015

CBN

Despite the poor electricity generation in the country, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that projects funded by the apex bank’s intervention fund in the power sector added a generating capacity of 1,274 megawatts of electricity to the national grid in 2015, ThisDay reports.

Emefiele, who was represented by a deputy governor of the apex bank, Dr. Sarah Alade, in his keynote address at the recent Economic Summit organised by New Telegraph in Lagos, also stated that the CBN’s power intervention fund financed the construction of 120 kilometres of gas pipelines during the same period.

He said the power intervention fund was launched to stimulate private sector investment in the power sector. According to him, the apex bank remained committed to the ideals of this initiative with a view to ensuring tangible benefits from economic growth are delivered to the citizenry.

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