Informa Markets Harps on Right Policies to Spur Investments in Power Sector

Peter Uzoho

International energy events manager, Informa Markets, has emphasised the need for Nigeria to formulate valuable policies that will catalyse investments in Nigeria’s electricity sector to boost energy access in the country.

The Exhibition Director in charge of Energy Portfolio in the Middle East and Africa, Informa Markets, Mr. Ade Yesufu, made the call in Lagos at a press conference heralding the 10th Nigeria Energy Conference slated to hold from 19th to 21st September, 2023 in Lagos.

Yusuf stated that Nigeria and West Africa’s energy sector were currently undergoing a significant transformation, with a strong emphasis being on addressing the critical challenge of energy access in the sub-region.

Noting that Nigeria has abundant natural resources capable of improving the country’s electrification rate and achieving its set energy goals, he stressed the “need for the right investment and policies in the power sector”.

According to him: “the lack of political will remains a major impediment in realising the potential of Nigeria’s energy sector.”

Yesufu explained that this year’s energy conference, which has the theme: “Unlocking New Value with Reforms, Investments and Technology”, would chart the way forward for the industry.