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Tuesday 04th August 2020,
Hope for Nigeria

Nigeria- Promises investors stability in power sector

Nigeria would guarantee the stability of legislation and offtake agreements for power producers as the country sought to expand electricity output, its sector regulator said this week.

Measures taken to protect investments against regulatory changes, the risk of losing invested funds and guaranteeing electricity trading through a state-owned bulk power purchaser were meant to reduce business risk and improve profit margins, Sam Amadi, the chairman of the Nigerian Electricity Regulatory Commission, which oversees the power sector, said in an interview in Abuja.

“We’re looking at an industry where the decision to invest will not be determined by risk but rather by profitability,” he said.

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