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311 indicate interest in power sector


Abuja — No fewer than 311 investors have indicated interest to support plans by the Federal Government to boost investment in the power sector of the country.

The Permanent Secretary, Ministry of Power, Mr. Godknows Igali, who briefed State House correspondents at the end of the power sector meeting in Abuja, yesterday, said that the National Council on Privatisation, NCP, was  putting together a conference slated  for next week to get all investors in the sector to indicate their interest.

According to him, the conference already has the blessings of the World Bank, African Development Bank, Islamic Development Bank, Export-Import Banks, among the over 311 participants.

“Financing is a major aspect needed to open the gate of development in this country. Various factors need to be addressed. For example, in the power and transport sectors, financing is needed.  We cannot  say now how much money we will raise, but currently, over 311 investors have indicated their interests to partner us and they have registered for the conference.

“We will sign Memorandum of Understanding, MoU, for that occasion. We believe that when this happens, we will be able to create more new infrastructure and before long, Nigerians will see the change.



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