Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»News»African News»West African News»Nigeria News»Most Populous Black Nation’s Power Sector, New Investment Hub –Report

    Most Populous Black Nation’s Power Sector, New Investment Hub –Report

    Nigeria News By Shola JohnsonJan 25, 2014Updated:Jan 26, 2014No Comments3 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    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.
    .
    It also stated that the power sector would command major investment in comparison to oil and gas, banking, manufacturing among others.
    .
    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.
    .
    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.
    .
    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.
    .
    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.
    .
    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”.
    .
    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.
    .
    OBG’s new report further provides depth coverage of the development taking place in Oyo, where efforts to streamline procedures and improve infrastructure are garnering investor interest, particularly across the state’s agricultural sector.
    .
    In the same vein,Regional Editor, Robert Tashima, noted that Nigeria has to answer critical question , such as the passage of the Petroleum Industry Bill (PIB), and heightened security risks in some areas.
    .
    “However, we have also witnessed the country take important steps forward over the past twelve months, led by the long-awaited privatisation of the electricity network and a loosening of pension fund investment rules, which ought to increase trading activity on the stock exchange,” he said. “These, and other recent reforms, combined with the country’s long term-fundamentals, provide Nigeria with an encouraging outlook.”

    See also  Elected Leaders Must Be Accountable - Sanwo-Olu

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    2013 2014 Investment Minister Nigeria News OBG Power Power Sector President report Sector
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Peter Obi, LP to challenge presidential election results in 18 states only

    Jun 1, 2023

    Reps Deputy Minority Leader, Okechukwu lauds Governor Peter Mbah’s Executive Orders

    Jun 1, 2023

    Lagos remains proud of Sanwo-Olu’s achievements – APC knocks PDP

    Jun 1, 2023

    APGA elects new national chairman, reconstitutes board of trustees

    Jun 1, 2023
    Add A Comment

    Comments are closed.

    Get Social with Us
    • Facebook
    • Twitter
    • Pinterest 95
    • Instagram
    • YouTube
    Latest Posts

    Zinoleesky’s Number One Song Could Only Help Him Afford An Apartment – Seyi Vibez

    Jun 1, 2023

    I’m Focused On The Scottish Cup Final, Not Tottenham Links – Ange Postecoglou

    Jun 1, 2023

    I Once Supported A Woman For Cheating On Her Husband – Nedu

    Jun 1, 2023

    Seeing Female Footballers Get Injured Ahead Of 2023 Women’s World Cup Is Sad – Kane

    Jun 1, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Is Riyad Mahrez Back To His Old Self?

    Mar 5, 2017

    ImageWare Systems Issues Corporate Update

    Mar 17, 2014

    UK: English fixtures honour 96 Hillsborough dead

    Apr 12, 2014

    Liverpool manager has eyes for Norwich

    Apr 20, 2014

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?