Dozen Of Foreign Investors Make Move On Nigeria Power Sector
With the $7.5 Billion United States of America’s initiative in power sector in Africa, dozen of foreign investors are already making moves to invest in Nigerian power sector.
According to the Minister of State for Power, Mohammed Wakil when he gave feedback on his trip to the United States for a Power Africa B2B Summit, organized by the US Department of Commerce in Miami Florida, the foreign investors are attracted by the opportunities in the solar, wind and other areas of the power sector in Nigeria.
Some of the firms which were at the summit and showed interest in the Nigerian power sector include Chadbourne & Parks, Global Energy group, Greenberg Traurig, MGill & Associates and business partners of MBD Business Centre in Miami as well as those of Global Business Resources in the USA.
The Summit was designed to mobilize investment fund from the private sector to power the African continent.
The minister said that the Nigerian Power sector is set to reap the benefit of the $7.5 billion US Initiative which was launched in South Africa by President Barrack Obama in 2013.
The Minister expressed happiness on the fact that most of the investors at Miami summit were positively disposed to investing in Nigeria, especially in the areas of renewable energy.
Mohammed said that such potential investors were particularly moved by the existing incentives, such as risk guarantee, the waiver regime for renewable energy equipments, favourable policy frameworks among others.
He expressed confidence that with is happening in the power sector, Nigeria, one of the six chosen countries, will benefit massively from the US Initiative.

President Goodluck Jonathan has made it clear that one full year state of emergency is not enough to wipe out Boko Haram, even as he swore that the emergency rule in three states of Borno, Yobe and Adamawa has performed wonderfully.
President Goodluck Jonathan has said that the ruling Peoples Democratic Party (PDP) will only come up with its presidential candidate for the 2015 election after the main opposition All Progressives Congress (APC) has named its own.
Nigeria’s first lady, Dame Patience Jonathan has threatened to march in protest to Chibok in Borno State to seek for the release of no fewer than 200 female students abducted a fortnight ago by members of the deadly Boko Haram, making it clear that she is ready to lay down her life for such course of action.
The first single from Michael Jackson’s posthumous album is billed to feature at the iHeartRadio Awards, ahead of the record’s release later this month.
A heavy downpour that led to mudslide has swept off Ab-e-Khoshk in Argu district of Afghanistan today, leaving no fewer than 250 persons missing. They were feared to have been swept away by the slide. The village is lying along the north-east.
With over 1,000 leaders from across politics, business and civil society, including Premier Li Keqiang of China and eleven African heads of state and government converging on Abuja, Nigeria’s federal capital for the World Economic Forum, President Goodluck Jonathan has directed security agents to tighten all the loose-ends to ensure the success of the three-day event.
Former Nigeria’s Vice president Atiku Abubakar has asked President Goodluck Jonathan-led Federal Government to seek for international support in its war against Boko Haram and other form of terrorism, even as the United States of America has offered to assist in retrieving abducted female students in Borno state from Boko Haram.
A Northern organization, Arewa Consultative Forum has implicated security agents of aiding and abbeting the deadly Boko Haram in the North East where it’s adherents are tormenting the residents, even as it asks the federal government to investigate the activities of such security agents.