NLNG Corporate Caring banner First bank SME Connect Fidelity bank card banner Emerald Energy Institute Camano banner

Expert says energy sector has capacity to drive Nigerian economy

By Amechi Obiakpu, Lagos on 12/11/2015

Gmail icon

Views: 2,204


The energy sector has the potential to drive the Nigerian economy if more attention is focussed on it, an energy expert has said.

Speaking Tuesday at an International Investment Conference organised by the Lagos Chamber of Commerce and Industry (LCCI) under the theme, ‘Challenges in efficient service delivery of power distribution’, Darwin Peters said electricity is the key of the economy if it is added into the economic mix.

He said that as the international oil price continues to fall, attention should be fixed on the energy sector as the next major source of revenue generation. He however noted that a lot of work is still needed to be done as the country continues to work toward a stable power supply.

“Once Nigerians have power, we are going to unlock the utilities in the economy but achieving that feat doesn’t happen overnight, especially when the sector has been neglected for more than 20 years,” Peters said, adding:

“A lot of people are not paying their electricity bills and for business to thrive people need to pay and a whole lot of the structures acquired by the new electricity companies are obsolete and need replacement.”

Peters expressed optimism that in a few years time power supply in the country would be stable judging by the commitment of the new administration to revamp the sector.

•Photo shows Darwin Peters.

Source News Express

Posted 12/11/2015 08:19:42 AM

 

 

CLASSIFIED ADS

 

You may also like...
EFCC arrests 2 military officers, 4 others for...

Weather man says it will be a day...

Boko Haram: Beggars threaten to sue Kaduna Govt....

Ohanaeze Youth Council backs UPP presidential candidate Okorie...

Breaking: Jonathan sacks Gulak

No woman has any reason to be barren;...

4 lawmakers declared missing after DSS invasion of...

KIDNAPPED & KILLED: Ex-Anambra Deputy Gov’nor Chudi Nwike...

Next Einstein Forum launches first-ever Africa Science Week...

Breaking News: Nigeria records 2 new Ebola cases...

Kano frees 15 prisoners

Violence mars APC meeting; 3 killed during fracas,...

 

Latest News BREAKING: Edo APC suspends Oshiomhole following vote of no confidence Three actors stabbed on stage IGP, INEC chairman tear gassed in Lokoja Policeman who supplies drugs to Boko Haram nabbed Rat holds up flight for 12 hours Gombe Assembly deputy speaker impeached Trousers palaver: Reinstate dismissed Corps members, HURIWA tells NYSC Bayelsa poll: Court disqualifies APC deputy governorship candidate How a preacher sent gunmen into schools Drama as tricycle operators waylay senate president Camera nails policeman collecting N15,000 bribe Ghanaian traders shut more Nigerians' shops

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (561,463 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (451,681 views) Shameless Genevieve Nnaji exposes breasts in public (400,633 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (334,652 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,026 views) 10 cars more expensive than Jets (279,148 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,417 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,510 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,017 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,345 views) Lagos plane crash: Journalist releases victims’ names (200,980 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (197,835 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (108) Business & Economy (4,562) Business Verdict (86) Columnists (1,142) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (702) Features (844) Global Business Monitor (493) ICT Monitor (67) International (4,194) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (481) News (53,870) Opinion (1,418) Pidgin (17) Politics (11,690) Religion (1,118) Sports (2,221) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera