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Saturday 23rd October 2021,
Hope for Nigeria

N750 Billion was Invested by Nigerian Banks in Power Sector Since Privatisation

When Nigerian banks invested roughly N750 billion in the power industry since its privatisation, it is essential that the security of this large exposure sits squarely on each efforts to guarantee the success of the privatisation procedure, Mr. Segun Adeleye, President/CEO, World Stage Limited has stated.

He said “The challenges that surfaced with the new dispensation in addressing power problems are numerous but not un-surmountable.”

He listed the challenges to include; the rising activities of vandals who burst gas pipelines and other power transmission equipment; high level of power theft and by-passing metering; gas supply limitation; revenue collection; transmission wheeling capacity; funding model for transmission; expected declaration of Transition Electricity Market; lack of accurate data on power demand of the entire country; non-alignment of the entire value chain of power generation, transmission and distribution; security of investment; right pricing and efficient usage of available electricity; paucity of funding transmission and aging 132KV lines.

Continuing, he said ” With about 30 million households in Nigeria still without access to electricity at the dawn of a new era in Nigeria’s liberalized electricity power sector, the 4th WorldStage National Electricity Power Conference 2014 is sets to address the challenges of post-privatization.”

According to the organizers, the conference which will hold at the Lagoon Restaurant, Ozumba Mbadiwe Street, Victoria Island, Lagos, between September 25 and 26, 2014 will bring the policy makers and the private sector together to review the new development in electricity power sector, address new challenges, deliberate on critical issues and chart the way forward for the realisation of privatization objectives.

The forum that will attract participants from the Presidency, Ministry Power, Ministry of Finance, NERC, National Assembly, BPE, GENCOs, DISCOs, NIPP, IPPs, State Governments with IPPs, Oil and Gas Firms, Banks, Insurance Firms, Local and Foreign Investors, Media and Other Relevant Stakeholders, will feature presentations from top government officials, industry experts and panel discussions on, Challenges of Electricity Generation Post Privatisation; Transmission and Distribution Challenges; Alternative Energy Sources/ Energy Conservation; and State Governments’ Promoted IPPs.

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