Channels Television
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Business Morning: Financing Issues In Nigeria's Power Sector Part 4
Posted
September 24, 2014
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September 24, 2014
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6:13Now PlayingThe Chairman of Power Group, Lagos Chamber Of Commerce and Industry, Mr Effiom Edet, has said that Nigerians are willing to pay for stable supply of electricity if they could see visible improvements in the sector.
Speaking on Channels Television's programme, Business Morning, on Wednesday, Mr Edet said that to record a recoverable capacity in the power sector, infrastructure and gas needed to be put in place, with the upgrading of the east network prioritised.
Also, the head, Development Finance, Heritage Bank, Segun Akanji, said that the power sector required both the private sector and the government intervention.
To boost the power supply in Nigeria, Mr Akanji emphasised that the government had a responsibility to the people to create a stronger attraction by providing its own balance sheet for the people to access a larger share of funding from the international capital market, private equities and international investors.
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