Business
Energy Sector: LASG Seeks UK’s Support
The Lagos State Government has sought the assistance of the United Kingdom in attracting investors to its energy and solid mineral sector.
This is contained in a statement issued on Wednesday by Mr Olaoye Olusegun, the Public Relations Officer, Ministry of Energy and Mineral Resources and made available to newsmen in Lagos.
The statement said that the Commissioner for Energy and Mineral resources, Mr Taofeeq Tijani, made the plea when he received the British Deputy High Commissioner, Mr Peter Carter, in his office.
Tijani told Carter that Lagos was considering the use of Compressed Natural Gas (CNG) for vehicles operating in the state.
He said the scheme, which had already started in a state in the country, would soon be introduced as a pilot scheme to the Bus Rapid Transit (BRT) and the Lagbus vehicles.
Tijani further said that the use of CNG would greatly reduce the demand for petrol and diesel “which are not environmentally friendly and have been priced out of the reach of the populace”.
The Commissioner sought Carter’s assistance in attracting investors to the energy sector, especially in renewable energy, waste to energy project, captive power project and solar energy deployment in the State.
Other areas of attracting investors, according to Tijani, include the Solid Mineral and the Oil and Gas sub-sectors.
Responding, Carter, while discussing various business opportunities that abound in the UK, promised to keep the Ministry updated in areas of mutual interest.
He advised Tijani to take advantage of the UKTI-SHELL Chain engagement programme coming up in May, to showcase the Ministry and the state at large to potential investors in the UK, who had been invited to the programme.
Carter said he plans to visit other key ministries to seek areas of cooperation between UK investors and the state.
In attendance were the commissioner for energy and mineral resources, Mr Taofiq Tijani; the Permanent Secretary, Mrs Iyabode Obasa; the Director, Finance and Administration, Mrs Ojosipe Jokotola and Beverly Okoye, who led the UK Trade and Investment delegation.
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