The Minister of Power, Works and Housing, Mr Raji Fashola, on Thursday said the Federal Government would not revoke the privatization of the nation’s power sector.
Fashola made the assertion at the 5th European Union (EU)-Nigeria Business Forum with the theme: “Harnessing Nigeria’s Potential for Economic Growth” in Lagos.
“The Federal Government will respect and uphold the contract it has been committed to and inherited from the past administration. I am not in charge of power sector to revoke the privatization
According to him, the government has nothing to gain from sending
“If those calling for revisiting of the privatisation of the power
“If it means that the entire power sector will become very efficient,
“If we revoke privatisation of the sector, investors will carry their
The minister, however, urged the EU-business delegates to invest in the power sector, saying that no economy would grow without investment in infrastructure.
In his remarks, Gov. Akinwunmi Ambode of Lagos State said the state was committed to the provision of critical infrastructure that would make doing business in the state a pleasure and profitable experience.
Ambode, represented by Mr Tunji Bello, the Secretary to the State
According to him, SMEs have huge potential for jobs creation and
He said that the state government had established a N500 million Trust Fund to support the People Living with Disabilities.