Abuja – The Permanent Secretary, Federal
Ministry of Power, Mr Godknows Igali, says
311 Investors have so far indicated interest to
partner with the ministry to boost electricity
supply across the country.
Igali made this known when he spoke with
State House correspondents after a meeting on
the forthcoming International Energy Investors’
Forum, chaired by Vice President Namadi
Sambo.
He said the prospective investors had also
indicated their interests to participate in the
Investors’ Forum, slated to hold in Nigeria on
Feb. 10
“We have gone far with the process of
planning and as you know we need to inject
more funds into the power sector.
“We need long term concessionary funding so
that we can maintain not only the integrity of
the system, but add more value by way of
upgrading and modernising some of the assets
that we have.
“It is in that respect that government is
bringing together international investors.
“It is a conference where government is
expected to work with the private sector to
bring in private funds and facilitate access to
funds for the private sector.
“That is why, all those involved, ministry, the
Niger Delta Power Holding Company, the
Bureau for Public Enterprises, came to brief
the vice president on preparation,’’ he said
According to him, the Federal Government at
the event, will sign Memorandum of
Understanding (MoU) aimed at improving the
nation’s power sector.
Igali, who acknowledged that the power sector
was facing some challenges bordering on
vandalism of gas pipelines, said efforts had
been intensified to address the problems.
“We are looking at these problems. Nigerians
should just bear with us while we put the
problems on the table and find permanent
solutions to them.’’(NAN)
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