Government is ready to support investment in power sector–Osinbajo

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The vice president, Prof. Yemi Osinbajo, has stated the federal government’s commitment to provide support to ensure the environment is right for those who want to invest in the power sector.

Speaking in Benin, Edo State after a tour Azura Power Plant, near Benin City, the vice president said the federal government is actively supporting private investors in the power sector and continuously working to ensure the business environment is conducive for businesses to thrive in the country.

The Azura-Edo Independent Power Plant is a 450MW open cycle gas turbine power station.

The vice president who was  on a two-day working visit to the state said the additional 460MW to the National Grid has greatly improved the power situation in the country, while applauding the quality of the power plant.

He commended the commitment of the operators in driving the project to conclusion ahead of schedule.

“As you can see for yourselves, it is an excellent and wonderful project, which demonstrates the capacity of Nigerian engineering and enterprise,” he told journalists.

He further said government would expect “Azura itself, to increase its capacity as time goes on, and then of course, we would see others who would come as well.”

He commended the state governor, Mr. Godwin Obaseki, for the various projects his administration had undertaken, including the commissioning of the 1,600 units of housing, the governor’s collaboration with federal government in ensuring the launch of the South-south Innovation Hub, among others.

He rounded off his working tour with a courtesy call on the Oba of Benin, Omo N’Oba N’Edo Uku Akpolokpolo who praised him for “doing extremely very well.”

 

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