Federal Government of Nigeria under the leadership of President Muhammadu Buhari got a thump up with Chinese Bank investing $261.4 million to purchase equipment and components required for Nigeria’s first in-country transformer factory.
PMB’s administration is completing the $307.5m cost, as part of its counterpart funding.
Nigeria has 60 engineers in China already undergoing rigorous certified training for transformer manufacturing in Nigeria.
This move is part of solving electricity problems in Nigeria.