The Federal Government of Nigeria is currently negotiating with 400 investors who are interested in investing in Nigeria’s power sector, the Permanent Secretary, Ministry of Power, Engineer God-knows Igali, said in Lagos yesterday.
Igali spoke at the 4th graduation ceremony of the National Power Training Institute of Nigeria(NAPTIN) skills development programme. He said that the willingness of the investors was accentuated by the prospects inherent in the nation’s power sector and efforts of the current government to enable investors tap into the sector.
He said President Muhammadu Buhari’s visit to France was part of efforts of his administration to explore avenues of developing the nation’s power sector. He said the government intended to deepen the power generation space in the country through the Mambilla power project in the North which would create jobs when completed.
Igali added that Nigeria could generate 5,000 megawatts of electricity but currently generates between 4,600 and 4,700 mega watts which also depends on distribution companies. According to him, government target for this country is to ensure 24-hour power supply.
The Director General of NAPTIN, Mr Reuben Okeke, said the success of the recent power sector reform would partly depend on the availability of qualified workforce to meet the needs of the industry and the corresponding need to structure its operations to reflect the needs of the private sector.