Vice President Kashim Shettima
has urged investors, both domestic and international, to avail themselves of
the new opportunities created by power deficit and federal government's bid to
drive additional investments in Nigeria’s energy sector.
According to a statement issued
by Senior Special Assistant to the President on Media and Publicity, Office of
the Vice President, Stanley Nkwocha, he also pledged the commitment of the
Tinubu administration in addressing the country’s energy deficiency just as it
remains focused on enhancing ease of doing business.
The Vice President stated this on Monday
during the financial bid opening for the privatisation of the five National
Integrated Power Project (NIPP) Plants on Monday in Abuja.
He said the occasion “serves as a
robust assurance to bidders and the start of an investment with promising
returns.”
Represented by the Deputy Chief
of Staff to the President (Office of the Vice President), Sen. Ibrahim Hassan
Hadejia, the VP said, “Nigeria's power deficit extends an open invitation to
domestic and international partners. We are here to urge collaborative efforts
to craft enduring solutions.
“The government remains resolute
in addressing the energy deficiency and is focused on enhancing the ease of
doing business", the statement said.
Sen. Shettima however urged
prospective investors in the plants to “bear the weight of trust in utilizing
these resources for the greater good of the nation," even as he implored
them to "adhere to the highest standards of best practices if we must
pursue a shared objective.”
The Vice President further
assured that the “National Council on Privatisation and the Bureau of Public
Enterprises are prepared to ensure that what we do has an effect on President
Tinubu's comprehensive eight-point plan, and a meticulous and transparent
privatisation scheme within the power sector inspires confidence in our
operations.
“As regulators, our commitment
remains steadfast—we must persist as facilitators of these reforms. There are
no shortcuts on the path to realizing the dream we've promised our beloved
nation,” the VP added.
Sen. Shettima noted that the
success of the 'pivotal moment' underscores government's commitment, "not
just as a friend to our enterprises and investors but as a facilitator of
growth and development.
"We are here to fulfil our
pledge to the nation and reassure them of our resolve to support initiatives
that foster economic vibrancy and sustainability,” he further noted.
Leave Comments