He said with this development, would-be investors in a privatised electricity market might find it difficult to recoup their money.
Speaking when he received a Brazilian delegation led by Vice-Minister of Development, Industry and International Trade Ricardo Shaefer in his office in Abuja, Nebo highlighted the challenges Nigeria was facing in addressing the metering gap. In a statement by the ministry’s Deputy Director, Press, Timothy Oyedeji, Nebo sought the Brazilians’ cooperation in Nigeria’s quest to ensure that all its nationals enjoy electricity.
According to the minister, the Federal Government is prepared to revamp the ailing power sector with assistance from others around the world.
He said: ‘’Brazil has not penetrated enough in our on-going sales of power assets; “we are prepared to link you with Nigerian partners, so that we can benefit from your expertise in generation, distribution, technology access and capacity building”.
Brazil, he said, had done well in many aspects of electricity especially in hydro, biomass, solar, wind and coal to power. He said Nigeria intended to learn from Brazil, which has leapfrogged in the attainment of development goals.
Information from The Nation was used in this report.