Business At least 582,000 Jobs Would be Created by Potential Investment in Nigeria's Power Sector- Experts

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LequteMan

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Experts say an estimated 582,000 jobs could be created in the power sector, if operators invest about $40bn in the sector over the next ten years, #Businessday reports.

Excerpt:

If the new electricity sector operators invest the estimated $40 billion within the next ten years, they can inevitably create a minimum of 582,000 jobs within the period, experts have said.

“For the generation segment, the construction phase can create 82,000 jobs while the operation phase can ensure 33,000 jobs,’’ said Ranesh Narayanan, who represented Oladele Amoda, MD, Eko Electricity Distribution Company, during the Manufacturers Association of Nigeria (MAN) Apapa Branch’s luncheon on ‘Impacting and Transforming the Nigeria Manufacturing Economy through Sustainable Power Sector Reforms’ held last week in Lagos.

‘For the transmission segment, the construction phase can create 89,000 jobs whereas the operation phase has the capacity to make 15,000 jobs available. The distribution segment is usually people-intensive and can assimilate as 363,000 jobs,’’ he added.

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