Business
BPE Urges Investors To Manufacture Transformers In Nigeria
The Director-General of
Bureau of Public Enterprises Mr Benjamin Ezra Dikki has advised investors to take advantage of the absence of electricity transformer manufacturers in Nigeria to establish their own.
Th advice was contained in a statement made available to newsmen in Abuja recently by the bureau’s Head, Public Communications, Mr Chigbo Aniechebe.
It said that Dikki gave the advice when he received delegates from Shanghai Electric Power Transmission and Distribution Engineering Company Ltd. (SPTDE) from China. Dikki expressed concern that there was no company in Nigeria producing electricity transformers and allied products.
He said that the reforms in the power sector had opened up vast market in the electricity sector and that the bureau was willing to assist genuine investors to take advantage of these opportunities.
“The liberalisation of the power sector and others have given confidence to investors in the Nigerian economy.
“If Shanghai should decide to establish an electricity transformer company in Nigeria, the Bureau will assist the company to link up with the relevant government institutions that will grant approvals and licences,” he said. On power generation, Dikki said that the estimated power requirement was 40,000 megawatts while the nation had installed capacity of 11,000 megawatts.
Mr Victor King said that Nigeria had huge market with its status as the biggest economy in Africa. The Vice General Manager of Shanghai Electric Power Transmission and Distribution Engineering Company.
He said the company intended to take advantage of the huge market to establish its presence in the country and was in talks with the Transmission Company of Nigeria (TCN) to establish areas of collaboration.
King said that the company was a specialised professional engineering company in the Shanghai Engineering Company’s power transmission and distribution group.
He highlighted its core business to include power generation, power transmission and distribution, heavy industrial machinery, transportation and environment protection, among others.
Business
FEC Approves New National Immigrants Policy
Business
Ogoni Oil Resumption: Group Demands Transparency, Full Jobs Disclosure, Contracts
Business
Foundation Unveils New Digital Medical Facilities
-
Rivers1 day ago
Philanthropist Cautions Youths Against Ignoble Acts Donates Building To Musician
-
Politics1 day ago
Yari Emerges DG As Tinubu Unveils 2027 Presidential Campaign Council
-
Education1 day ago
Rivers Wins 2026 Presidential Inter-School Debate: Govt Pledges To Institutionalise Competition
-
Politics1 day ago
2027: ADC Candidate Tasks INEC On Integrity, Intensifies Consultations
-
News1 day agoTinubu Appoints Enitan As New Head Of Federal Civil Service
-
Politics1 day ago2027: INEC To Conduct Nationwide Electoral Equipment Test Run In November
-
Sports1 day ago
NSC Celebrates Historic Beach Volleyball Olympic Qualification
-
Sports1 day ago
Arsenal Want Osimhen To Take Pay Cut
