Nigeria and France will next month sign a €50m (about N11.15 billion) loan for the development and upgrading of the countries power training facilities.
The Director General of National Power Training Institute of Nigeria (NAPTIN), Engr.Reuben Okeke Disclosed this during NAPTIN’s Graduate Skills Development Programme graduation ceremony in Abuja.
Okeke said President Muhammadu Buhari is expected to sign on behalf of Nigeria, while the President of France, Francois Hollande, will sign for his country.
He explained that the fund would support the NAPTIN in its NGSDP initiative, stressing that the programme was the answer to solving manpower shortage in the technical skills-set in Nigeria’s power equation.
He said, “By next month, the President of Nigeria and that of France will be signing a loan agreement to get NAPTIN completely transformed, up to a tune of €50m.
“Mindful of the fact that the success of the recent power sector reform will in part depend on the availability of a qualified workforce to meet the needs of the industry and the corresponding need to structure its operations to reflect the needs of the private sector, NAPTIN is currently working with a leading international consulting outfit through funding support of the Agence Francaise de Developpement (AFD) to evolve a new strategic plan.”