12 May 2012, Sweetcrude, ADDIS ABABA – Africa needs $40 billion annually to bridge its power-supply deficit, Nigeria’s Petroleum Minister, Diezani Alison-Madueke, has said.
She said at the World Economic Forum on Africa in Addis Ababa, Ethiopia’s capital, that there was a $30 billion funding gap that governments could fill by making the oil and gas projects more “bankable” and ensuring “securitisation” for private equity.
“Access to low-cost funds are critical in bridging this gap,” she added.
