The Executive Chairman of Geregu Power Plc, Femi Otedola has unveiled another ambitious plan to develop a power transmission project.
The project, according to the billionaire businessman, would be done in collaboration with the Lagos state government under a Public-Private Partnership (PPP) arrangement.
The announcement was made after he met with the Lagos State Governor, Babajide Sanwo-Olu, and Dr. Akinwunmi Adesina, Group President, African Development Bank.
In a statement shared on his official Instagram account, Otedola expressed great optimism about the ongoing talks, which aim to establish Nigeria’s first-ever PPP power transmission project.
Geregu Power Plc, Otedola’s power-generating company, is expected to play a pivotal role in the power transmission project.
