L
LequteMan
Guest
Nigeria's Minister of Power, Professor Chinedu Nebo, has requested the assistance of the Nigerian capital market to address challenges the country is facing in power generation and distribution.
Speaking at the closing ceremony of the fourth Capital Market Committee Retreat which ended in Abuja at the weekend, Nebo said "we are currently doing a lot to bring power supply to the nooks and crannies of the country. Presently, 60 percent of Nigerians lack access to power supply while about 17 percent of the rural areas have access to power.
“We are hoping that the capital market will come to our rescue in the nearest future to addressing this yawning gap. Having all these in mind, we are hoping that by the end of 2015, there will be energy gas supply to all turbines in the country”.
He said currently, the country is being faced with mirage of challenges ranging from shortage of gas supply to the turbines due to vandalisation of pipelines to market shortfall arising from technical and commercial losses.
#Nigeria #Power
Speaking at the closing ceremony of the fourth Capital Market Committee Retreat which ended in Abuja at the weekend, Nebo said "we are currently doing a lot to bring power supply to the nooks and crannies of the country. Presently, 60 percent of Nigerians lack access to power supply while about 17 percent of the rural areas have access to power.
“We are hoping that the capital market will come to our rescue in the nearest future to addressing this yawning gap. Having all these in mind, we are hoping that by the end of 2015, there will be energy gas supply to all turbines in the country”.
He said currently, the country is being faced with mirage of challenges ranging from shortage of gas supply to the turbines due to vandalisation of pipelines to market shortfall arising from technical and commercial losses.
#Nigeria #Power
