Minister of Power, Prof. Chinedu Nebo
Chineme Okafor
Chineme Okafor
The federal government has restated that the power sector reform through its liberalisation policy remains sacrosanct to the achievement of the economic growth plans embedded in Nigeria’s Vision 20:2020.
It explained that within the liberalisation efforts, the role of Independent Power Projects (IPPs) is enormously significant and will not be toyed with considering the expected ratio of competition that will help turnaround the country’s power sector within time, thus, providing the practical platform to achieve objectives in the long-term economic plan.
Minister of Power, Prof. Chinedu Nebo, said recently in Abuja at a forum organised by German power firm, Siemens, that: “Achieving Vision 2020 depends on a robust power sector and IPPs are indeed the answers to our quest to grow our power generation capacity.”
Nebo also explained that government’s commencement of payment of agreed severance benefits of retiring workers of the defunct Power Holding Company of Nigeria (PHCN) signified that the privatisation process was coasting home. He added that government has continued to intensify efforts in attracting private sector led investments into the power sector as the only way to close up
0 comments:
Post a Comment