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Firms get sponsorship for US Trade Mission

23 September 2013, 08:27Okoro Chinedu

Lagos - The United States Trade and Development Agency (USTDA) announced it was sponsoring a delegation of executives from leading electricity distribution companies for a Reverse Trade Mission (RTM) to the United States.

The event is scheduled to run from October 15-25.

Officials said the move would connect US industry to electricity distribution infrastructure projects in Nigeria.

The delegation will comprise senior decision-makers from the country's newly privatized electricity distribution companies as well as the Nigerian Electricity Regulatory Commission and a commercial representative from the US Embassy in Abuja.

USTDA officials said the RTM would expose Nigerian delegates to US technologies, equipment and services – as well as policies, regulations, financing mechanisms and management structures – that can support the implementation of smart grid infrastructure.

USTDA encouraged companies in the country to participate in this RTM by attending the Business Briefing and Finance Roundtable in Arlington on October 22, attend or lead a training session in Washington a day before and hosting the delegation at their facilities to discuss their expertise and capabilities.

As part of Nigeria's Power Sector Reform Roadmap, the sector is being overhauled to accelerate the expansion of power supply while dramatically improving service delivery, revenue recovery and efficiency across the power sector value chain.

A cornerstone of this reform is the ongoing privatization of eleven distribution companies in Nigeria.

"The expected growth in Nigeria's power sector is creating unprecedented opportunities for U.S. firms," noted Paul Marin, USTDA's Regional Director for Sub-Saharan Africa.

"The recent privatization of Nigeria's distribution sector will enable critical investments that will improve electricity services throughout the country in coming years."

- CAJ News

Tags us lagos trade

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