Nigeria’s President Goodluck Jonathan has announced plans to develop the country’s economy that include investing $5.8bn up to 2013 into alternative energy and power generation, transmission and distribution.

While power generation saw a “remarkable improvement” in the first quarter of 2011, the government is working to raise current output of 4000 MW through ongoing projects across the country, according to the report ‘The First National Implementation Plan for 20:2020’, which aims for Nigeria to be among the world’s top 20 economies by 2020.

The plan’s objectives include cutting the proportion of Nigerians – currently 40 per cent – that lack access to electricity due to the inadequate transmission and distribution network, coupled with an ageing infrastructure.

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