By Ebriku John Friday
The Federal Government has reiterated it’s preparedness to allow over 150 Foreign Direct Investors FDIs to invest in the power sector under the ongoing power sector reforms of the present administration.
The minister of power Engr Abubakar Aliyu stated this in Abuja, at a strategic power sector dialogue between the Arabian Gulf chamber of commerce and industry and the representatives of the Federal government.
The minister stated that the Nigeria Electricity Supply Industry is small, but has the potentials to grow with the participation of genuine investors and experts, saying industry players in the country has to be more sincere in the handling of power projects across Nigeria.
Also speaking at the strategic dialogue was the minister of state Power, Goddy Jedy Agba who told the delegation of the Arabian Gulf chambers that the major areas of development in the sector are Generation, Transmission, Distribution, Clean and Renewable Energy.
In a press statement issued in Abuja Thursday the minister said the present administration is committed to ensuring that the Power sector reforms translates into adequate supply of electricity to Nigerian homes.
Earlier, the leader of the five man delegation of the Arabian Gulf Chambers Muhammad Ahmadu said his organization has come to the ministry of power to seek their participation at the 2021 Dubai Expo taking place from October to march 2022.
Ahmadu told the two ministers that over 150 Foreign Direct Investors are ready to invest in the power sector through the Dubai Expo where MOUs are expected to be signed between the investors and the Nigerian delegation.
