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Sunday, 6 October 2013
Nigeria: Huge Investment Opportunity Exists in Nigeria's Power Sector - Experts
Mrs Anita Mathews, Director, Informa Energy Group, a Dubai-based organisation, says there is huge opportunity for investment in Nigeria's power sector.
Mathews made the observation in Lagos in an interview with the News Agency of Nigeria (NAN) on the sideline of an exhibition tagged: 'Power Nigeria' organised by the group.
According to her, the huge demand for power in the Nigerian manufacturing sector and the ongoing privatisation process in the power sector will create influx of foreign investments to both sectors.
She said that the exhibition was organised for international organisations involved in power generation and distribution to showcase their products and develop sustainable business partnerships with Nigerian entrepreneurs. " The exhibition will create a platform for foreign Investors to form partnerships with Nigerians in order to improve the power sector of the nation.
"Local entrepreneurs, who want to know about new products and new technologies, will get answers to all their questions at this exhibition," she said.
Matthews said that technical seminars would run concurrently with the exhibition till Friday.
"International experts in the energy sector will be talking on innovation, energy conservation, energy demands, latest technologies and their usages," she said
She said that products enhanced by renewable sources of energy were on display at the exhibition in order to encourage energy conservation in Nigeria.
NAN reports that 200 international and indigenous manufacturers were exhibiting products at the exhibition.
Some of the exhibitors, who spoke to NAN, expressed optimism that they would develop business contacts to project their products in the Nigerian market.
Mr Lawrence Noronha, Assistant Marketing Manager, Interplast Company Ltd., in Dubai, told NAN that his organisation is interested in investing in Nigeria because Nigeria is one of the fast developing emerging markets in the world.
He said that his organisation has products that would meet the energy demands of Nigerians.
Mr. Nitin Bansal, Sales Manager, Westinghouse Lighting Corporation, also in Dubai, told NAN that his organisation is committed to international standards and would not flood the Nigerian market with inferior goods.