Following the successful privatisation of the power sector, the World Bank has pledged to support the development of Nigeria’s power sector DigitalSENSE Business News gathered.
The promise, according to a report by the News Agency of Nigeria recently, was contained in a statement issued by the Assistant Director, Press, Ministry of Power, Mrs. Patricia Deworitshe, in Abuja.
The statement which quoted the outgoing Country Director, World Bank, Mr. Erik Fernstrom, as making the pledge at a send-off dinner organised for him on Sunday in Abuja added that Fernstrom commended the Federal Government for its courage in privatising the power sector, noting that the success of the exercise had put an end to the doubts of many.
Fernstrom further enjoined Nigerians to be patient for the full manifestation of the dividends of the exercise, saying it would take a while before this would be realised.
The Leader of the Energy Working Group and Country Representative, United Nations Industrial Development Organisation (UNIDO) in Nigeria, Mr. Patrick Kormawa, commended Fernstrom’s contributions to the development of the sector, praising Nigeria for keeping faith with the privatisation process.
In Kormawa’s words, “This ambitious programme, as it is called, has proven to the world that Nigeria is serious and I wish that more sectors can be like the power sector in terms of magnitude.”
Chukwudi Obi
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