Oilserv boss hinges Nigeria’s economic growth on stable power

The overall strategy for a sustainable economic growth and development in Nigeria is anchored on the achievement of a stable power supply, the Chairman, Oilserv Group, Dr. Emeka Okwuosa, has said.

He identified some of these strategies to include, optimising the existing installed capacity available for generation; restoring lost gas supply through the gas flare commercialisation programme; and elimination of gas infrastructure vandalism. Also is the completion of major gas infrastructure lines to plants and main trunk lines to facilitate gas supply for power generation; encouragement small scale projects; and reaching final closure for the implementation of the solar plants power sharing agreements.

He added that the deployment of a clear legal and commercial framework for investment in the power sector, introduction of good financing strategy for capital market and banking that support the sector remained critical. The Oilserv boss made these assertions at the 48th Convocation Ceremony of the University of Nigeria, Nsukka, Enugu State, yesterday, where he delivered a lecture on, “Infrastructural Development: A Key to Economic Growth and Development in Nigeria.”

Source: The Guardian



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