• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

  • Fact-Check
  • Economy
    • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      NUPENG

      NUPENG Suspends Strike After Truce With FG, Labour, Oil Stakeholders

      Customs, Defence Bureau Unveil Airboat for Smuggling War

  • National
    • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Nnamdi Kanu of IPOB arrested by Nigerian security services

      Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

      Troops Repel Bandit Ambush in Katsina as Four Farmers Abducted in…

      Military Troops during operations

      Troops Recover Arms in Plateau, Intercept Drug-Laden Vehicle in Taraba

      Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

    • Government
      • Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

        Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

        Nnamdi Kanu of IPOB arrested by Nigerian security services

        Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

        Doctors

        Resident Doctors Commences Indefinite Strike in FCT

        Diplomacy and Digital Innovation – Youth Insight

        Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook…

        NAHCON

        Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

  • Security
    • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

      SP Abimbola Adebisi

      IGP Appoints SP Adebisi as Lagos Police PRO

      Nnamdi Kanu of IPOB arrested by Nigerian security services

      Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

      Troops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi,…

      Troops Repel Bandit Ambush in Katsina as Four Farmers Abducted in…

  • Features
    • Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

      Diplomacy and Digital Innovation – Youth Insight

      Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      Charlie Kirk

      Who Really Killed Charlie Kirk? By Femi Fani-Kayode

      Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

  • State
    • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

      Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

      Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

      SP Abimbola Adebisi

      IGP Appoints SP Adebisi as Lagos Police PRO

      Abubakar Tafawa Balewa University (ATBU) Bauchi

      Bauchi Forum Condemns ATBU’s Plan to Close Faculties

      Doctors

      Resident Doctors Commences Indefinite Strike in FCT

  • Event
    • Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

      PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates,…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

    • PR Nigeria Award
  • E-Paper
Home General Nigeria Now An Investment Friendly Country- Shehuri
  • General

Nigeria Now An Investment Friendly Country- Shehuri

By
Ibrahim Haruna
-
July 26, 2016

ss.. Says FG will provides opportunities for would- be investors in the power sector

The Minister of state for Power, Hon. Mustapha Baba Shehuri has stated that with the present Administration of President Muhammadu Buhari’s commitment to improving the nation’s power sector through various innovations and initiatives, Nigeria is now an investment friendly nation in Africa.

The Minister stated this when Iranian Business delegation, led by the Vice-President of Dam and Water Works Construction Company (SABIR), Mohammad Ghaedi paid a working visit to the Ministry, in Abuja.

 Hon. Shehuri disclosed that with a population of over 160 million and with the highest peak power generation of over 5000MW, Nigeria has the highest electricity demand in Africa and urged Iranians and other foreign investors to tap into the numerous opportunities available in the Nigerian power sector.

The Minister further stated that the present government is trying to meet the nation’s energy supply and access through investment in energy mix, such as gas, small and mini hydros, wind, solar and bio-mass energy sources.

On Investment opportunities in the power sector, the Minister stated that just recently, the government signed a Power Purchase Agreement (PPAs) with (14) fourteen different companies to produce 1,125MW solar power in 9 States and Abuja using God’s given sun light as source of energy.

This he said is to demonstrate government’s commitment to the development of a robust energy mix, while also achieving its programme of Incremental Power Supply.

Read Also:

  • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno
  • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End
  • Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

The Minister further revealed that at the National Council on Power (NACOP), which recently took place in Kaduna, the Minister of Power, Works & Housing, Babatunde Raji Fashola launched a document titled “Nigeria Power Sector Investment Opportunities and Guildlines”, on investment opportunities in the Nigerian Electricity Industry.

Hon. Shehuri who presented the document to the Iranian investors urged them to go through it carefully because it would avail them with information on various investment opportunities available in the Nigerian fledging power sector.

The Minister also added that government will continue to provide enabling environment for power investors, stressing that it would provide security for their investments, while the sector will continue to be led by the private sector.

Earlier, the leader of the delegation, Vice- Chairman of the Dam and Water Works Construction Company (SABIR) of Iran, stated that Iranian investors are ready to invest in the Nigerian power sector, as Iranian business men are already establishing partnerships and exploring the abundant opportunities in Nigeria’s power sector.

Mohammad disclosed that one of the Iranian companies, Mapna Group of Iran that has shown interest in the sector, has demonstrated both technical and financial competence with the near commissioning of 44,000MW capacity thermal plant in Iran. This he further said that it would avail Mapna Company the chance to offer Nigeria competitive financing in engineering, construction and development of power plant, renewable energy power plants, combined water and power plants.

He further revealed that the Company also manufactures gas, steam and wind turbines and maintenance services and ready to make these products available to Nigeria at competitive rates.

He also disclosed that Iranian Investors are ready to tap from Nigeria’s abundant power sector’s natural energy resources and are always ready to collaborate with government on investment procedures and plans in the Country.

Ibrahim Haruna

For: Director, Press.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Hon. Mustapha Baba Shehuri
  • Minister of State for Power
  • President Muhammadu Buhari’s
Previous articleLabour Minister Moves To Develop Diving Regulation In Nigeria
Next articleFG Flags Off First Graduate Farmers Scheme
Ibrahim Haruna
Ibrahim Haruna
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End

Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

SP Abimbola Adebisi

IGP Appoints SP Adebisi as Lagos Police PRO

Abubakar Tafawa Balewa University (ATBU) Bauchi

Bauchi Forum Condemns ATBU’s Plan to Close Faculties

Doctors

Resident Doctors Commences Indefinite Strike in FCT

Troops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi, Katsina

Healing Nigeria: A Chronicle of Health Reforms

Book Review: Is This the Cure? A Look into Healing Nigeria By Hanniel Noboh

Renewed Hope in Central Banking

Book Review: Renewed Hope in Central Banking – A Blueprint for Nigeria’s Economic Future By Khadijah Lawan Muhammad

Shehu Mohammed, corps marshall

SHAKE-UP: FRSC Redeploys Senior Officers to Bolster Operations Nationwide

Bauchi Muslim Parliament

Bauchi Muslim Parliament Backs Senator Buba’s Peace Efforts

Professor Isa Ali Ibrahim Pantami and Nafisa Abdullah Aminu

Global Winner Nafisa Visits Professor Isa Pantami

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno
  • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End
  • Power Outage: Police Broker Peace Between AKTH, DisCos in Kano
  • IGP Appoints SP Adebisi as Lagos Police PRO
  • Bauchi Forum Condemns ATBU’s Plan to Close Faculties
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in BornoDangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues EndPower Outage: Police Broker Peace Between AKTH, DisCos in KanoIGP Appoints SP Adebisi as Lagos Police PROBauchi Forum Condemns ATBU's Plan to Close FacultiesCourt Rejects Nnamdi Kanu’s Request for Transfer to National HospitalResident Doctors Commences Indefinite Strike in FCTTroops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi, KatsinaTroops Repel Bandit Ambush in Katsina as Four Farmers Abducted in ZamfaraTroops Recover Arms in Plateau, Intercept Drug-Laden Vehicle in TarabaBook Review: Is This the Cure? A Look into Healing Nigeria By Hanniel NobohBook Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook By Bilkisu Ahmed ShekarauBook Review: Renewed Hope in Central Banking – A Blueprint for Nigeria’s Economic Future By Khadijah Lawan MuhammadRenewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu AdministrationSHAKE-UP: FRSC Redeploys Senior Officers to Bolster Operations Nationwide
X whatsapp