VICE President Yemi Osinbajo (SAN) has said that with increased investments and improvements in the electricity value chain, Nigeria could become one of the best power markets in the world.
He stated this on Tuesday in his remarks at the official commissioning of the 240MW, AFAM 3 Fast Power Project in Port Harcourt, Rivers State, where he represented President Muhammadu Buhari.
In a statement by his spokesman, Laolu Akande, Osinbajo said, “We have all the ingredients to create one of the best power markets in the world. I am also confident it will happen within our lifetimes.
“The challenge before us now is for the industry to leverage the improved commercial environment that has been created to sustainably supply electricity and improve service to all citizens. This administration has made significant strides in this direction.”
Referencing the efforts of the administration in the sector, the Vice President said, “The complete story is that in the past few years we have seen more new money coming into the power value chain.”
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