Federal Government has announced the allocation of N70.2bn ($450m) for the improvement of gas infrastructure across the country.
This, it said, was aimed at addressing the gas supply problems, which have led to a sharp reduction in power generation in the country.
The Minister of Power, Chinedu Nebo, who disclosed this in Abuja, also stated that the Federal Government had sourced for additional $1.47bn from the World Bank, African Development Bank, French Development Bank and the Chinese EXIM Bank for the improvement of the electricity transmission infrastructure.
Nebo spoke on Friday when delegates from the Independent Power Producers Association of Nigeria visited the ministry.
The Federal Government had last Tuesday said the proceeds from the sale of the 10 National Independent Power Project plants, amounting to $1.6bn, would be used to finance the Transmission Company of Nigeria.
Nebo also said the ministers of Finance, Petroleum Resources and Power had met last week to deliberate on the gas supply problems.
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