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Tuesday, 02 December, 2008 02:09 am
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| Nigerian Government, France sign MoU on power |
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| Thursday, 09 October 2008 | ||||||
     Mrs Fatima Ibrahim, the Minister of State for Energy (Power), and Mrs Anne-Marie Idrac the Minister of State External Trade, signed for Nigeria and France respectively. The MoU signing ceremony was a follow up to President Umaru Yar'Adua's official visit to France on June 12, 2008 and the adoption of a strategic partnership by both countries. Ibrahim noted that both countries had a good diplomatic relations over the years, adding that the occasion would deepen the country's relationship with France. "The signing of this MoU therefore opens the way for French companies its private investors to participate in the development of Nigerian economy and power sector in particular. "The Federal Government acknowledges the pivotal role of adequate and reliable supply of electricity for the socio-economic development of Nigeria," she said. According to her,government had opened up the power sector for private sector participation in order to meet the nation's electricity needs. The minister hinted that government would soon engage the French National Transmission System (Reseau de transport d'electricite) on the possibility of conducting an audit of the power sector. She explained that the exercise would be a necessary intervention required for speedy restoration of capacities in the generation, transmission and distribution of electricity in Nigeria. Idrac commended the federal government for trying to address problems in the power sector, adding that this was the beginning of co-operation between both countries. "The French Government will work towards establishing efficiency in the power sector. I was encouraged to hear that the state governments are contributing towards promoting power efficiency in the country. "We have a lot of additional expertise and we want to share it with you. France has always been willing to assist and participate in the Nigerian economy," she said. Dr Abdullahi Aliyu, the Permanent Secretary Ministry of Energy (Power), said that the signing of the MoU became necessary to enable France assist in addressing the short and medium term agenda for adequate power supply in the country.(News Agency of Nigeria).  Quote this article on your site | Print | E-mail
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