VP Shettima unveils vision for energy sector growth, encourages investors to tap into power opportunities

In a bid to galvanize both domestic and international investors, Vice President Kashim Shettima called upon business leaders to harness the vast opportunities emerging from Nigeria’s energy sector. The Vice President, representing the Tinubu administration, emphasized transparency and a commitment to enhancing the ease of doing business during the financial bid opening for the privatisation of the National Integrated Power Project (NIPP) Plants.

Speaking on Monday in Abuja, Vice President Shettima highlighted the pressing need for collaborative efforts to address Nigeria’s power deficit and welcomed investors to partake in crafting lasting solutions.

“The occasion serves as a robust assurance to bidders and the start of an investment with promising returns,” remarked Shettima during the bid opening, stressing that Nigeria’s power deficit extends an open invitation to both domestic and international partners.

Represented by Sen. Ibrahim Hassan Hadejia, Deputy Chief of Staff to the President (Office of the Vice President), Shettima affirmed the Tinubu administration’s unwavering commitment to resolving the energy deficiency while prioritizing the ease of doing business.

Prospective investors were urged to “bear the weight of trust in utilizing these resources for the greater good of the nation” and adhere to the highest standards of best practices to pursue a shared objective.

“The National Council on Privatisation and the Bureau of Public Enterprises are prepared to ensure that what we do has an effect on President Tinubu’s comprehensive eight-point plan, and a meticulous and transparent privatisation scheme within the power sector inspires confidence in our operations,” assured Shettima.

“As regulators, our commitment remains steadfast—we must persist as facilitators of these reforms. There are no shortcuts on the path to realizing the dream we’ve promised our beloved nation,” he added.

The Vice President emphasized that the success of this pivotal moment underscores the government’s commitment, not only as a friend to enterprises and investors but as a facilitator of growth and development. He pledged to fulfill the administration’s pledge to the nation and reassured the public of their resolve to support initiatives fostering economic vibrancy and sustainability.

In his closing remarks, Shettima conveyed confidence in the National Council on Privatisation and the Bureau of Public Enterprises, assuring prospective investors that a meticulous and transparent privatisation scheme would inspire confidence in the operations within the power sector.

As the country grapples with its energy deficiency, Vice President Shettima’s call for collaboration and investment presents an opportunity for businesses to engage in a sector vital to the nation’s growth. The Tinubu administration’s commitment to transparency and efficiency in the energy sector privatization process reflects a broader strategy to bolster economic vibrancy and sustainability. Investors, both local and international, are now presented with a call to action to contribute to the transformation of Nigeria’s energy landscape.**Headline: “VP Shettima Unveils Vision for Energy Sector Growth: Encourages Investors to Tap into Power Opportunities”**

*Abuja, December 18, 2023* – In a bid to galvanize both domestic and international investors, Vice President Kashim Shettima called upon business leaders to harness the vast opportunities emerging from Nigeria’s energy sector. The Vice President, representing the Tinubu administration, emphasized transparency and a commitment to enhancing the ease of doing business during the financial bid opening for the privatisation of the National Integrated Power Project (NIPP) Plants.

Speaking on Monday in Abuja, Vice President Shettima highlighted the pressing need for collaborative efforts to address Nigeria’s power deficit and welcomed investors to partake in crafting lasting solutions.

“The occasion serves as a robust assurance to bidders and the start of an investment with promising returns,” remarked Shettima during the bid opening, stressing that Nigeria’s power deficit extends an open invitation to both domestic and international partners.

Represented by Sen. Ibrahim Hassan Hadejia, Deputy Chief of Staff to the President (Office of the Vice President), Shettima affirmed the Tinubu administration’s unwavering commitment to resolving the energy deficiency while prioritizing the ease of doing business.

Prospective investors were urged to “bear the weight of trust in utilizing these resources for the greater good of the nation” and adhere to the highest standards of best practices to pursue a shared objective.

“The National Council on Privatisation and the Bureau of Public Enterprises are prepared to ensure that what we do has an effect on President Tinubu’s comprehensive eight-point plan, and a meticulous and transparent privatisation scheme within the power sector inspires confidence in our operations,” assured Shettima.

“As regulators, our commitment remains steadfast—we must persist as facilitators of these reforms. There are no shortcuts on the path to realizing the dream we’ve promised our beloved nation,” he added.

The Vice President emphasized that the success of this pivotal moment underscores the government’s commitment, not only as a friend to enterprises and investors but as a facilitator of growth and development. He pledged to fulfill the administration’s pledge to the nation and reassured the public of their resolve to support initiatives fostering economic vibrancy and sustainability.

In his closing remarks, Shettima conveyed confidence in the National Council on Privatisation and the Bureau of Public Enterprises, assuring prospective investors that a meticulous and transparent privatisation scheme would inspire confidence in the operations within the power sector.

As the country grapples with its energy deficiency, Vice President Shettima’s call for collaboration and investment presents an opportunity for businesses to engage in a sector vital to the nation’s growth. The Tinubu administration’s commitment to transparency and efficiency in the energy sector privatization process reflects a broader strategy to bolster economic vibrancy and sustainability. Investors, both local and international, are now presented with a call to action to contribute to the transformation of Nigeria’s energy landscape.