FG signs $328.81m deal with China to boost power supply The federal government has signed a $328.81 million deal with China Machinery Engineering Corporation (CMEC) to improve power supply in Nigeria. According to the News Agency of Nigeria (NAN), the contract covers engineering, procurement, construction, and financing for the implementation of transmission lines under phase 1 of the Presidential Power Initiative (PPI). At the signing ceremony in Abuja on Wednesday, Adebayo Adelabu, Minister of Power, said CMEC would undertake key responsibilities in implementing the project. He said some of the responsibilities include the...