Nigeria's energy market huge, attractive - Onuigbo urges investors

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 59%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Sam Onuigbo, the Southeast representative on the governing board of the North East Development Commission (NEDC), has called on foreign and local

According to NAN, Onuigbo disclosed this recently after the 2023 Africa Climate Summit’s Parliamentarians Dialogue.

He expressed worry that over 40 per cent of Nigerians still do not have access to electricity, while he was optimistic that the recently signed Electricity Act 2023 would revamp the country’s power sector. He said: “Over 40 per cent of Nigeria’s estimated 223 million population do not have access to electricity. With the country possessing abundant raw materials to generate renewable energy, all that is needed is the technology to service the ready market.

“The act has liberalised the energy industry and made it attractive, competitive, and decentralised. And the speed with which the President assented to the Electricity Act 2023 shows his commitment to revolutionising the energy industry.” DAILY POST recalls that the Electricity Act 2023 was signed into law by President Bola Ahmed Tinubu in June and is expected to serve as a legal framework for growth in the power industry.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 11. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tinubu secures $3bn steel investment for Nigeria | The Guardian Nigeria NewsPresident Bola Ahmed Tinubu has successfully attracted a monumental 3 billion US dollars investment pledge from Indian investors to boost the steel industry in the country.
La source: GuardianNigeria - 🏆 1. / 94 Lire la suite »