Abuja (Ministry of Power Report) – The Resident Country – Representative of the United Nation’s Industrial Development Organization, UNIDO, Patrick Kormawa, at the on-going National Council on Power (NACOP) disclosed that the World Bank had injected about $200 million to boost Nigeria’s power sector.
Kormawa who spoke at the sideline of the ongoing NACOP in Abuja told newsmen that the core interest area of his organization is sustainable power sector in Nigeria as typified by the on-going sector reform.
He commended the Nigeria’s Government for approving the convocation as it has brought all stakeholders insisting that development of partnerships is in consonance with UNIDO’s interest in the devolvement of sustainable power sector in Nigeria.
He observed that it is a very important variable in the overall efforts at economic prosperity and job creation efforts of Government. “Private sector is investing huge sums of money in power to resuscitate a once dormant sector of the economy; it would require the collaboration of all to ensure success of the whole exercise” he added.
Continuing he noted that, “When you have partnership built around a strong support base of stakeholders it will facilitate power access”. Adding that, the nation’s abundant resources both in renewable and other energy sources could easily be developed for generation of power, stating that UNIDO is interested in the power sector because without power, industrialization is a mirage.
As a visionary leader, President is poise to radically addressing access to power through the Roadmap, privatization, just as he observed that a solid foundation has been laid to ensure Government plays fewer roles in the sector.
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