The Minister of Power, Works and Housing, Mr Babatunde Fashola, has appealed to stakeholders in the power sector to partner the Federal Government in its effort to overhaul the sector, Vanguard reports.
Fashola made the appeal while unveiling an overhauled generating unit of the Jebba Hydro Power Station on Monday. The rehabilitation work was the first carried out in the power station since it was inaugurated in 1985. Fashola noted that stability must be restored to guarantee investments in the power sector; otherwise it would be difficult to reposition the sector. “Unless we have stability and liquidity in that sector, it would be extremely difficult to grow the interest and investment that would ramp up the power supply from where it is” he said.
The minister commended the investors and development partners involved in the work for choosing to invest their resources in Nigeria’s economy. He assured that the Federal Government would continue to support committed indigenous business owners who deployed their financial resources for the diversification and expansion of Nigeria’s economy.
Fashola made the appeal while unveiling an overhauled generating unit of the Jebba Hydro Power Station on Monday. The rehabilitation work was the first carried out in the power station since it was inaugurated in 1985. Fashola noted that stability must be restored to guarantee investments in the power sector; otherwise it would be difficult to reposition the sector. “Unless we have stability and liquidity in that sector, it would be extremely difficult to grow the interest and investment that would ramp up the power supply from where it is” he said.
The minister commended the investors and development partners involved in the work for choosing to invest their resources in Nigeria’s economy. He assured that the Federal Government would continue to support committed indigenous business owners who deployed their financial resources for the diversification and expansion of Nigeria’s economy.
Source: Energy Mix Report New
