Nigeria’s newly unbundled power sector has
been described as an investment hub for willing
investors. According to the global publishing
research and consultancy firm, Oxford Business
Group (OBG) in its recently published reports,
the country’’s power sector is poised to play a
major role in addressing the country’s long-
standing electricity shortage.
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It also stated that the power sector would
command major investment in comparison to
oil and gas, banking, manufacturing among
others.
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OBG’s Director Circulation and
Communications,Ms. Stephanie Parker, said
that the major part of the recent privatization of
the country’s power sector would address its
long-standing electricity shortage and this has
been analysed and explored in the new report.
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The report, tagged : “Nigeria 2013” contains a
contribution from President Goodluck Jonathan,
together with a detailed, sector-by-sector guide
for investors,including a wide range of
interviews with leading political, economic and
business representatives.
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Other contributors are the Coordinating
Minister for the Economy and Minister of
Finance, Ngozi Okonjo- Iweala, the Canadian
Minister of International Trade, Ed Fast and the
former president of Brazil and Honorary
President of the Lula Institute Luiz Inácio Lula
da Silva.
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OBG’s new report identifies the spotlight on
Nigeria’s banking industry, providing wide-
ranging coverage of the central bank’s efforts to
improve the sector’s operating environment.
Core industry players from four of Nigeria’s
main banks lent their views in a roundtable on a
range of topical issues, including the national
drive to recover past losses through
restructuring and the increasingly important
role earmarked for consumer credit in
generating economic growth.
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Parker also explained the impact of the research
work by the group, saying, “The Report
analysed the country’s bid to overhaul its oil
production infrastructure that is seen as key to
sustaining output and boosting downstream
processing. It mulls the challenges facing
Africa’s number one oil producer, while
documenting new initiatives, such as plans to
channel funds into deepwater reserves
exploration”.
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The extensive research also peeked in detail at
Nigeria’s rapidly-evolving ICT industry, which is
one of the most dynamic on the continent. With
growth in the mobile sector increasing and
internet penetration on the rise, The Report:
Nigeria 2013 considers the potential for
expansion in segments such as online
shopping.
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