Former minister of Power, Barth Nnaji on Friday assured investors that their interest in the Nigeria’s power sector is protected regardless of his resignation.
He also assures Nigerians that the on-going reforms in the nation’s power sector will remain on course.
Mr Nnaji gave this assurance as he formally handed over the running of the ministry to the minister of state, Darius Ishiaku during a brief handover ceremony in Abuja.
He allayed the fears of many Nigerians who have expressed concern over the continuity of development projects in the sector by insisting that structures and institutions are in place to carry on with the reforms and privatization of the sector.
“This is not about persons, it’s about structure. I believe that we did put all the good structure in place,” he said.
The former minister said that the MoU implementation team had been established already and “all that my colleague and the Perm Sec is to simply get them to be active and working. They are capable of delivering all the MoU that we have signed.
Meanwhile Nigeria has recently signed power sector agreements with five giant investors including general electric of the US.
There are concerns over the state of these memorandums of understanding and other on-going investment agreements following the recent shake-up in the ministry.
