Development Partners Pledge $2billion For Electricity Sector

A total of 2 billion dollars is expected to be contributed by development partners by 2018 for the development of Nigeria’s power sector.

The Country Representative of the United Nations Industrial Development Organisation, UNIDO, Dr. Patrick Kormawa, who announced the pledge in Abuja, said that the gesture is aimed at improving generation, distribution and transmission of electricity.

The UNIDO Country Representative said that the 2 billion dollars is expected to be given as grant to ensure efficient power supply in the country, as increased financial support for the sector was necessary.

Dr Kormawa also pledged continuous support for other sectors of the economy begging for urgent attention.

Major players in the power sector and members of civil society organisations converged on Abuja to brainstorm on how to maintain sustainable service delivery in the post privatisation era.

The Minister of Power, Professor Chinedu Nebo, explained that shortage of gas supply, vandalism and fragile transmission grids are some of the hiccups the Federal Government has to contend with, in spite of the financial commitment by development partners.

However, the Chairman, House of Representatives Committee on Power, Patrick Ikhariale, warned against fraudulent practices by the investors to ensure that Nigerians enjoy services provided by the succeeding generation and distribution companies.