The Federal Government has called on local and international investors to deepen their investments in the Nigeria’s power sector to support economic and industrial growth.
The Minister of Power, Mr Joseph Tegbe, made the call in a keynote address delivered at the Project Hoover Series II Investor Forum in Abuja on Tuesday.
Tegbe said reliable electricity remained central to Nigeria’s economic transformation, stressing that sustainable economic growth could only be achieved through a commercially viable electricity market.
The minister said that ongoing reforms by the present administration was laying the foundation for a financially sustainable and investment-driven power market capable of supporting the country’s industrial growth.
”The administration of President Bola Tinubu is implementing far-reaching reforms under the Electricity Act, 2023, to reposition the Nigerian Electricity Supply Industry (NESI) into an investment-grade sector.
