Power Minister woos foreign investors to Nigeria’s electricity sector

Nigeria’s Minister of Power, Joseph Tegbe, connected Tuesday wooed investors to enactment their superior into Nigeria’s powerfulness sector.

Tegbe made the entreaty successful his remarks astatine the Middle East Energy Summit successful Dubai, United Arab Emirates.

According to him, Nigeria and the African continent are astatine the fulcrum of vigor geopolitics.

In a connection by his Special Adviser, Adeola Labzy, Tegbe said Nigeria’s powerfulness reforms connection a exemplary for however processing economies tin fortify planetary vigor information amid rising geopolitical fragmentation.

Tegbe said vigor information successful 2026 tin nary longer beryllium defined by hydrocarbon reserves alone.

He described it alternatively arsenic the resilience of an full system, from captious mineral proviso chains and grid infrastructure to the superior and institutions that support vigor flowing to homes, hospitals and industries nether stress.

“Capital does not fly risk; it flees uncertainty. Investors volition terms hazard each time long; what they cannot terms is simply a regularisation that changes aft the declaration is signed,” the curate said.

He added, “Nigeria has chosen to build. Africa has chosen to build. And we invitation you, successful the tone of this singular metropolis and this landmark fiftieth summit, to physique with us.”

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