The formulation and execution of valuable policies by the government and major stakeholders will catalyse investments in Nigeria’s electricity sector and boost energy access in the country, according to the international energy events manager, Informa Markets.
The Exhibition Director in charge of Energy Portfolio in the Middle East and Africa, Informa Markets, Mr Ade Yesufu, who made the assertion in Lagos ahead of the 10th Nigeria Energy Conference, said prominent experts in the power sector will provide a blueprint to address the perennial power challenges in Nigeria.
He said Nigeria has abundant natural resources making it capable of improving the country’s electrification rate and achieving its energy goals with the right investment and policies, hence the “political will remains the challenge facing the sector to realise its potential.”
He said some of the challenges facing the sector that would be addressed by experts at the conference include power sector decentralisation, role of natural gas as a transition fuel in achieving a net-zero economy, the funding opportunities and how DisCos can encourage climate-driven investments, emission trading and leveraging the power of digital technology to deliver value to customers.
“Over the years, the Nigeria Energy Exhibition and Conference has gathered local and international stakeholders to collaborate across the value chain and proffer solutions to the region’s energy challenges. With our 10th anniversary, this 2023 edition will build on past successes and offer special high-level seminars targeted at proffering viable mechanisms to solve the challenges in the Energy sector,” he stated.
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