• Saturday, July 13, 2024
businessday logo


Shettima urges investors to leverage on opportunities in power sector

Shettima tasks MDAs on service delivery, business-friendly environment

Vice President Kashim Shettima has urged investors to take advantage of the new opportunities created by power deficit and Federal Government’s bid to drive additional investments in Nigeria’s energy sector.

Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, said Shettima also pledged the commitment of the Tinubu-led Administration in addressing the country’s energy deficiency just as it remains focused on enhancing ease of doing business.

Read also: Shettima says privatisation must resonate in the lives of Nigerians

The Vice President stated this on Monday during the financial bid opening for the privatisation of the five National Integrated Power Project (NIPP) Plants in Abuja.

He said the occasion “serves as a robust assurance to bidders and the start of an investment with promising returns.”

Represented by Ibrahim Hadejia, the Deputy Chief of Staff to the President (Office of the Vice President), the Vice President said, “Nigeria’s power deficit extends an open invitation to domestic and international partners. We are here to urge collaborative efforts to craft enduring solutions.

“The government remains resolute in addressing the energy deficiency and is focused on enhancing the ease of doing business.”

He however urged prospective investors in the plants to “bear the weight of trust in utilizing these resources for the greater good of the nation,” even as he implored them to “adhere to the highest standards of best practices if we must pursue a shared objective.”

The Vice President further assured that the “National Council on Privatisation and the Bureau of Public Enterprises are prepared to ensure that what we do has an effect on President Tinubu’s comprehensive eight-point plan, and a meticulous and transparent privatisation scheme within the power sector inspires confidence in our operations.

Read also: Shettima pushes for disruptive solutions to drive economic reforms

“As regulators, our commitment remains steadfast – we must persist as facilitators of these reforms. There are no shortcuts on the path to realizing the dream we’ve promised our beloved nation.

“We are here to fulfil our pledge to the nation and reassure them of our resolve to support initiatives that foster economic vibrancy and sustainability”, he added.