Friday 29 June 2012

Jonathan Says Nigeria Power Supply Will Be Among 20 Best By 2020

President Goodluck Jonathan has said that power supply in Nigeria will be among the best 20 in the world in the next eight years.
The president gave the assurance on Thursday in Lagos at the 40th Annual General Meeting (AGM) of Manufacturers Association of Nigeria (MAN).
Represented by Dr Samuel Ortom, Minister of State for Trade and Investment, he said, “we will do everything possible to address the structural weaknesses standing between us and revolutionising the power sector.
“Some of the problems are deep, but not beyond the government. We are currently reviewing the lapses in the power sector to make it one of the best in the world in the year 2020.
“Nigeria is on the threshold of history, ready to join the world economic powers in the very near future.”
He also said that the emphasis of government was to promote the processing of the nation’s natural resources for consumable commodities.
The president said that this would also beef up “our export portfolio”, adding that Nigeria could not continue to import more than it exported.
He said that the government’s effort at attracting local and foreign investors into the economy was yielding positive results.
“More than 16,000 local and foreign investors have registered their intentions to do business worth about N6.6 trillion in just one year,” he said.

NAN

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