The United States Ambassador to Nigeria, Richard Mills has pledged the US government’s support to the Nigerian government’s bid to improve access to regular power supply to businesses and households in the country.
Mills spoke at a meeting with the Minister of Power, Adebayo Adelabu on reliable and affordable power supply in Nigeria.
The meeting between the two is to further the ongoing discussion between Nigeria and an American company, Sun Africa LLC on power infrastructure in Nigeria.
Mills said his visit to the Power Ministry was to discuss the shared commitment to improving access to reliable and affordable power supply. You have the support of the US government.
The Ambassador also invited the Minister to an Energy Summit scheduled for 11 – 12 September 2024 in Washington where the Electricity Sector will be a major focus with working groups engaged in strategic energy dialogue.
Speaking earlier, Adelabu stated that the Ministry is geared towards adding value to local industries by providing adequate Power to enable them to function better.
The Minister noted that though Nigeria has the population and the market that should be a strength to the nation, the reverse has been the case simply because Nigeria still imports about 80 percent of what it consumes, and, “ this has left the country with a lot of burden since the country has limited source of foreign exchange to fund the import dependence”.
Speaking further, he stated that the Ministry has prioritised its programs into five key areas which are; Legislative support to decentralize the power sector; Policy Support to design a National Integrated Electricity Policy and Strategic Implementation Plan that would be the manual for sectorial policies; appropriate tariff, to migrate the market and also upgrade the infrastructures; Infrastructure Provision that would be achieved through partnership with foreign investors and an Energy transition plan targeted towards achieving net zero emission.
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