Tuesday, July 11, 2017 4.00pm/Proshare
President Prof. Yemi Osinbajo (SAN) has restated the commitment of the Federal
Government in partnering the private sector, to drive the Nigerian economy.
this at the 4th Presidential Quarterly Business Roundtable at the
Presidential Villa, Aso Rock Abuja.
Osinbajo said “It is our desire to ensure that the public and private sectors
work together. And it is the private sector that will lead”.
roundtable which focused on the power sector, attracted key business leaders in
the country. Speaking further the Acting President shared that there has been
progress , despite sector constraints.
presentation on the Power Sector Recovery Plan, the Minister for Power, Works
& Housing Mr. Babatunde Raji Fashola (SAN) listed ongoing power projects in
the country, to include 450mw Azura power plant , 10mw Katsina wind power
project, 240mw Afam power plant , 40mw Kashimbilla Hydro power plant , 215mw
Kaduna power plant (Kaduna), 40mw Gurara power plant, 29mw Dadin Kowa power
plant and 700mw Zungeru power plant.
for Power informed stakeholders that a “Power Assurance Programme” has been
developed which is premised on a financial support for the sector, over a 2
year transition period, while the sector attains full viability.
It will be
recalled that the Federal Government last month released N12bl out of the
N701bl power intervention fund to 10 Generating companies, to boost
the electricity sector.
weeks after the Federal Government engaged stakeholders on the Renewable Energy
plan in the country, with the 30:30:30 agenda.
also explained that Nigeria was selling electricity to neighbouring countries
Benin and Niger, in exchange for a guarantee that they won’t dam the rivers
that sustain Kainji Dam.
and Natural Resources Minister Dr. Emmanuel Ibe Kachikwu in his presentation,
said power is main demand sector for natural gas in Nigeria; which requires
stronger interface/coordination between the power and gas sectors.
stakeholders that his Ministry is working to bring down the high cost
(per-barrel) of Nigeria’s oil production.