USTDA Offers $480m Investment Grant To Three Nigerian Companies

USTDA Offers $480m Investment Grant To Three Nigerian Companies

- in [ MAIN ], BUSINESS & ECONOMY, NEWS
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The US trade and Development Agency (USTDA) has committed a $480 million investment grant to three companies in the country.

The companies are Royal Power Integrated and General Services limited, Honeywell Group limited and Benin Electricity Distribution Company.

With the grant signing, USTDA committed to fund a feasibility study for a 275 megawatt gas-fired power plant that will improve electricity access for customers across Lagos State.

According to United States Secretary of Commerce, Penny Pritzker,“Nigeria is currently a destination of choice for American investors.”

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