VMT News Ltd
No 1 News Site in Nigeria

FG committed to welcoming more investors in power sector — minister

39

FG committed to welcoming more investors in power sector — minister

The Minister of Power, Mr Abubakar  Aliyu  has retirated the Federal Government’s willingness to welcome more investors in the power sector.According to the minister, the aim is to reposition the sector for better service delivery.

Mr Odutayo Oluseyi, the Assistant Director, Press and Public Relations said this in a statement issued in Abuja on Saturday.Aliyu spoke when he received delegates from European Union (EU) and ECOWAS led by EU Ambassador to Nigeria and ECOWAS, Samuela Isopi in his office.

He said that President Muhammadu Buhari was committed and working hard towards improving the infrastructure in  the power sector.While calling on investors to key into the available opportunities in the Nigeria Electricity Supply Industry (NESI ), he said that the Federal Government had created the enabling environment through policy direction.

He described the EU relationship with Nigeria as supportive, adding that more collaboration in the renewable energy area was welcomed.The minister  intimated the delegates of Nigeria’s policy to expand the operation capacity of NESI to 30,000 MW by 3030 with 30 per cent in renewable energy.

Read Also: IWD: BALKISU MATAWALLE LAUDS NCWS OVER 35 PERCENT AFFIRMATIVE…

He said  that various interventions were ongoing in the  power sector,  including the renewable energy projects. The minister cited the Federal Government collaboration  with the German Government which led  to  signing  of the  power project deal with Siemens AG, a Germany base firm. 

He urged the EU Ambassador to encourage European investors to invest in the sector, adding that there were rooms to accommodate more investors.Speaking earlier, the EU Ambassador to Nigeria and ECOWAS Isopi, congratulated the minister on his appointment and the success recorded so far in the power sector.

Isopi reaffirmed  the importance of Nigeria to the EU, saying that the union was the largest grant donor to the power sector.The ambassador said that EU  in the last two years had developed  a dynamic partnership with the Federal Government of Nigeria.

According to the ambassador, this has relaunched and boost electricity supply with a road map plan of action in priority areas. She said that the cooperation framework in green and digital economy was  to see that there was renewable energy and diversification which the EU was available to assist.

The EU ambassador assured the  minister of the union’s continuous support to enable Nigeria address the challenges in the power sector.

Support Voice Media Trust journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country, we ask you to consider making a modest support to this noble endeavour.

By contributing to Voice Media Trust, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate into:

Dollar Account:

  • A/C NO: 3003093745
    A/C NAME: VOICE MEDIA TRUST LTD
    BANK: UNITED BANK FOR AFRICA

Naira Account:

  • A/C NO: 1023717841
    A/C NAME: VOICE  MEDIA TRUST LTD
    BANK: UNITED BANK FOR AFRICA

Leave A Reply

Your email address will not be published.