OrGaNISErS of 4th
Nigeria international
power expo and conference
scheduled to
hold at international conference
centre (ICC) abuja from 7
to 13 October this year have
set the ball rolling for attraction
of more foreign investors
into the nation’s power sector.
Managing Director of BKG
exhibition Limited Mr. Ifeany
agwu who dropped the hint to
newsmen in Lagos over the
weekend during press briefing
said private companies will
utilize the window of the
event to meet investors, decision
makers in the private and
public sectors and most importantly
increase their stakes
in the emerging largest power
market in sub-Saharan africa.
He noted the event will afford
the government an ample
opportunity to reach out to
the various segments of the
Power Industry under one
strategic business roof adding
the 2013 edition is organized
in partnership with the Federal
Ministry of Power.
according to him since the
unveiling of the Power
roadmap in 2010, the government
has increased the tempo
of activities towards revamping
the sector.
He observed that a lot of
Projects programmes, funds
etc have been deployed and are
still being carried out in the
sector to reach the target of
providing more electricity
power to boost development
in the country.
Mrs. Kehinde Oshonowo, a
Deputy Director of investment
and sector development in her
contributions at the occasion
said 13 out of the 15 bidders
who applied for the acquisition
of the power infrastructures
in the power sector have
completed payment in readiness
for the transfer of ownership
to them Mrs. Oshonowo
observed that the inception of
Nigeria International Power
Expo and Conference about 4
years ago, the Federal Ministry
of Power was highly active
and supportive of this
bold initiative, hence its able
presence at the inaugural
Stakeholders Forum held here
in Lagos.
She explainedthat since
then, the Ministry of power
has never relented in supporting
the event, as It is quickly
growing to become the major
private sector event that identifies
and supports the Federal
Governments quest and drive
to opening the sector for increased
participation by the
private sector.
Oshonowo further said It is on record that this successful
privatization exercise is at the
completion state with 13 of
the 15 preferred bidders paying
up 100% of the contract
bids for the legacy companies
2 days ago, adding that the
payment of severance packages
for the PHCN workers are
also on-going and should be
completed soon while the bidding
for the new NIPP power
plants is also on-track.
“as we transition into a fully
privatized market, we are
looking to events such as this
to form a major part of our
strategy to stimulate private
sector participation in the
growth and development of
the Nigerian Power Sector.
While road-shows, Conferences,
Consumer forums are
good, they address only a segment
of the populace/stakeholders.
But a forum as offered by
this Expo and Conference
gives nothing less than a three
pronged leeway of reaching
out to more people”, She
added.
She further noted the event
provides an avenue to meet
Manufacturers, Dealers, Suppliers,
Experts, Scholars, Financiers,
Policy/Decision
Makers and Executors in both
the private and public sectors
under one strategic business