The Minister of Power, works and housing alongside Minister of budget and national planning and the Minister of Industry trade and investment all convened to speak at 2017 Business Day Economic Outlook conference.
The special event which was themed The emergence of green shoots gathered over 100 leading CEOs, senior policymakers and entrepreneurs to share their insights and strategies for a successful 2017.
Some of the issues discussed included the challenges facing the Nigerian power sector. The Minister of Power, Babatunde Fashola further decried the acts of vandalism that have so far crippled power generation across the country. As part of his remark he noted that
“Once the nation hit an all-time power generation figure of 5074MW, numerous pipeline attacks started”.
He further went on to clarify some of the policies of the power sector reforms stating that “60% of the power industry is in the private sector, a policy that secures payment for Gencos for the next 2years being worked on”
He also gave his suggestions on some of the issues surrounding the power sector, finally ending his speech by re-affirming that plans are currently in place to improve the power sector. He buttressed his points by announcing that “We have licensed 14 developers to design 1100Mw of solar power”.
Other speakers at the event included Udoma Udo Udoma and Dr. Okey Enyinna Elemenah as well CEOs from different sectors of the economy.