Former Minister Urges States to Embrace Partnership for Regional Power Projects
Former Minister of Power and CEO of Geometric Power Ltd., Prof Bart Nnaji, has called on states to seize the opportunity presented by the decentralisation of power infrastructure ownership and control to partner for the establishment of regional power projects. Speaking at the first quarter 2024 Nigeria Public Private Partnership Network (NPPPN) meeting in Abuja, Nnaji advised states to employ public-private partnerships (PPPs) in procuring power infrastructure.
Nnaji highlighted the challenges states face in independently developing power infrastructure, citing the high cost and technological implications. He emphasized the importance of partnerships in reducing costs, stating that partnerships, especially PPPs, are key to success in power infrastructure development.
While commending the decentralisation of electricity supply, Nnaji stressed the need for cost-reflective tariffs to encourage private sector participation. He also emphasized the importance of regulations to curb power theft.
During the meeting, Director General of the Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani, emphasized the need for collaboration to address the issue of power supply. He commended states that have enacted their PPP laws and pledged ICRC’s support to those seeking to undertake PPP projects.
The meeting, attended by representatives from 37 states including the FCT, featured presentations from various stakeholders in the power sector. The Deputy Governor of Ebonyi State, Mrs. Patricia Obila, gave the closing remarks, emphasizing the importance of states’ involvement in improving access to power.
The NPPPN serves as a platform for collaboration among states and the ICRC to promote PPPs in various sectors, including power infrastructure development.
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Former Minister of Power and CEO of Geometric Power Ltd., Prof Bart Nnaji, has encouraged states to capitalise on the decentralisation of power infrastructure ownership and control by forming partnerships for regional power projects. Speaking at the first quarter 2024 Nigeria Public Private Partnership Network (NPPPN) meeting in Abuja, Nnaji advised states to utilise public-private partnerships (PPPs) in procuring power infrastructure.
Nnaji highlighted the challenges states face in independently developing power infrastructure, citing the high cost and technological implications. He emphasised the importance of partnerships in reducing costs, stating that partnerships, especially PPPs, are key to success in power infrastructure development.
While commending the decentralisation of electricity supply, Nnaji stressed the need for cost-reflective tariffs to encourage private sector participation. He also emphasised the importance of regulations to curb power theft.
During the meeting, Director General of the Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani, emphasised the need for collaboration to address the issue of power supply. He commended states that have enacted their PPP laws and pledged ICRC’s support to those seeking to undertake PPP projects.
The meeting, attended by representatives from 37 states including the FCT, featured presentations from various stakeholders in the power sector. The Deputy Governor of Ebonyi State, Mrs Patricia Obila, gave the closing remarks, emphasising the importance of states’ involvement in improving access to power.
The NPPPN serves as a platform for collaboration among states and the ICRC to promote PPPs in various sectors, including power infrastructure development.
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