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FG says it cannot develop power sector alone, urges private investment

The Federal Government has urged private investors to invest in the power Sector in order to generate, transmit and distribute adequate and stable electricity to consumers nationwide, Vanguard reports.

Speaking at the just concluded Nigerian Association for Energy Economics/ International Association for Energy Economics, NAEE/ IAEE, 10th Annual International Conference in Abuja, the Minister of Power, Works and Housing, Babatunde Fashola, who was represented by Mrs. Folashade Oje, explained that the federal government has put in place mechanisms that would help develop the power sector.

She said, “We are trying to make business attractive in Nigeria in a way that the bottlenecks and bureaucracy are minimized. The government is trying to look at ways of attracting power investors to the sector. We are aware of the big gap between the supply and what is needed in the industry…Government cannot do it all and that is the truth. If we want power, let everyone get involved so we would get to where we want to be in less time.”

The post FG says it cannot develop power sector alone, Urges Private Investment appeared first on Energy News | Oil and Gas News - Energy Mix Report.



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FG says it cannot develop power sector alone, urges private investment

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