From DENNIS MERNYI, Abuja
Nigeria power sector has received a boost, with the European Union (EU) and the government of Germany promising to invest€€24.5 million (about N5.3 billion) in the Nigerian power sector. Germany and EU are to route the fund through the Nigerian Energy Support Programme (NESP) launched by the Federal Ministry of Power, in collaboration with German International Corporation (GIZ).
The director of development cooperation, German Embassy, Mr. Schulz, disclosed this yesterday at Nigerian-German Energy Support Programme workshop in Abuja. Mr. V. Mitzlaff in a presentation entitled Objectives, Co-operation structure and challenges of the NESP said already, €9 million has been committed while €15.5 million would be advanced before the end of 2013.
“The total is €24.5 million, so €9 million is already committed, €15.5 million will wait for the final commitment from Brussels later this year,” he said. Speaking at the opening of the workshop, Minister of power, Professor Chinedu Nebo, described the Nigerian-German Technical Co-operation Support programme as a welcome relief as federal government encourages such bilateral and multilateral co-operations and relationship in its drive to effectively develop the power sector.
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