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Finnish envoy to lure investors into power sector

25 February 2015, 20:22

Lagos - The Finland Ambassador to Nigeria, Pirjo Suomela-Chowdhury, has expressed satisfaction with the ongoing transformation in the local power sector.

She held discussions with the Minister of State, Power, Mohammed Wakil, on Wednesday with a view to ascertaining areas of possible collaboration between her country and the Government in the area of power supply.

Suomela-Chowdhury pledged to attract big time conglomerates from Finland, to come and join in the present administration’s goal of more access to power for both the rural and urban dwellers.

However, she noted that the prevailing security challenges being faced in the North East could adversely affect the investors’ confidence as well as their willingness to come and invest in Nigeria.

Also read: Licences for 590MW power plants issued out

Wakil meanwhile said that Nigeria’s interest in the development of renewablwe energy is informed by the dire need of President Jonathan’s administration to address the lingering problem of energy mix.

"Now more than ever before, Nigeria is desirous of a robust energy mix as the country is not prepared to put all its eggs in one basket, by relying solely on one or two energy sources," he said.

He said the target of the Nigerian government is to provide 30 percent of its electricity needs from renewables according to the vision 20-20-20 target.

Wakil added that government was considering a digital approach through the use of censors and camera detectors, adding that the plan of government to accelerate power output has been scuttled by persistent acts of vandalism.

- CAJ News


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