Nigeria Energy Sector Positioned to Defy Economic Slump

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THE current economic problems should not deter investments into Nigeria’s energy sector.

That is according to an expert ahead of a key summit, Future Energy Nigeria, set for Lagos on November 7-8. “I’m excited about Nigeria’s energy future, Nigeria is the future,” said Ade Yesufu, who is heading up the initiative. “I don’t see the current recession as a reason to be negative or even cautious about Nigeria’s economic future,” Yesufu added.

Yesufu said the recession enabled government and industry alike to ensure they got the basics right to stimulate much-needed growth. “We need a reliable and affordable power supply to do that.” Yesufu said the federal government’s Nigerian Power Sector Recovery Programme was an important message to the rest of the world that Nigeria was planning significant improvements towards achieving structural economic change with a more diversified and inclusive economy. “To me, this creates an important foundation to showcase the enormous business and investment opportunities that the sector provides and I cannot help but be very excited about that,” Yesufu added.

Future Energy Nigeria has a solid reputation as a longstanding, high-level gathering place for the region’s power sector. Ade is currently in Nigeria to meet the country’s decision makers ahead of the event.

IWIN

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