Abuja \u2013 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.<\/p>\n
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Igali made this known when he spoke with State House correspondents after a meeting on the forthcoming International Energy Investors\u2019 Forum, chaired by Vice President Namadi Sambo.<\/p>\n
He said the prospective investors had also indicated their interests to participate in the Investors\u2019 Forum, slated to hold in Nigeria on Feb. 10<\/p>\n
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\u201cWe have gone far with the process of planning and as you know we need to inject more funds into the power sector.<\/p>\n
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\u201cWe 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.<\/p>\n
\u201cIt is in that respect that government is bringing together international investors.<\/p>\n
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\u201cIt 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.<\/p>\n
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\u201cThat 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,\u2019\u2019 he said<\/p>\n
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According to him, the Federal Government at the event, will sign Memorandum of Understanding (MoU) aimed at improving the nation\u2019s power sector.<\/p>\n
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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.<\/p>\n
\u201cWe are looking at these problems. Nigerians should just bear with us while we put the problems on the table and find permanent solutions to<\/p>\n
them.\u2019\u2019(NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"
Abuja \u2013 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…<\/p>\n","protected":false},"author":1,"featured_media":22374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-22373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n