The Country Representative of the United Nation’s Industrial
Development Organisation, UNIDO, Mr. Patrick Kormawa, yesterday, disclosed that
the World Bank had contributed about $200 million to the development of power
sector in Nigeria. Mr. Kormawa, who spoke on the sideline of the on-going
inaugural conference on National Council of Power, NCOP, in Abuja told
journalists that UINDO was interested in devolvement of sustainable power
sector in Nigeria. Commending the Federal Government for initiating the
conference on power, Kormawa said that development partners are interested on
power sector in Nigeria because it is a very important variable in economic
development and for job creations. The conference, he said, would strengthen
partnership among all the key stakeholders on power such as Federal, state and
local governments. He said that the conference would also help to bring
development partners on round-table with other stakeholders and help to
galvanise activities in such a way that investors would have more confidence in
the Nigerian power development. He said: Private sector is investing huge
amount of money in power to resuscitate a once abandoned sector of the economy.
It requires the corporation of every stakeholder to ensure success is achieved.
CulledVanguard Newspaper
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