Power: Security, policy consistency key to attracting $34.5bn investments

Nigeria needs improved security, transparency in public resources management and policy consistency to attract $34.5 billion investments needed to bridge the electricity gap, a former President of the Nigerian German Business Group (NGBG), Mr Joe-Femi Dagunro, has said. He warned that investors would find it difficult or not impossible to come to Nigeria with the current heightened insecurity. He added that policy inconsistency and lack of good public funds management threatened investments into the country.

He spoke in an interview with the New Telegraph over the weekend. The Renewable Energy and Energy Efficiency AssociationAlliance (REEEA-A) had recently said that Nigeria needed $34.5 billion in investments to bridge the electricity gap by 2030.

Read more at Newtelegraphng

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