Nigeria’s Vice President Kashim Shettima has said ongoing power projects to light up industrial clusters across the country are an indication that the President Bola Tinubu administration is on a journey of rekindling the flames of enterprise.
This is just as he added that the Federal Government’s commitment to revamping Nigeria’s Infrastructure framework was the much-needed drive in empowerierians and strengthening the nation’s economic policies.
Shettima made these known on Thursday
during his visit to the Agbara Industrial Cluster for the launch of a collaboration between the Niger Delta Power Holding Company Limited (NDPHC) and its partners on the project to light up industrial clusters.
According to him, while the government has embraced the past as a lesson in mapping a new path for a robust power sector, the historical mistakes that have brought Nigeria to the point it is are rather an inspiration to work harder.
Said he: “For too long, some of these ventures were forced to pack up, their potential stifled by the persistent energy constraints. Today, we embark on a journey of empowerment, a journey aimed at rekindling the flames of enterprise and ensuring that the promise of prosperity prevails over the darkness of past hindrances.
“We have gone a full cycle in the search for solutions to our energy crisis. We have unbundled and privatized the power assets in generation, transmission, and distribution. We have also implemented the National Integrated Power Project through the NDPHC.”
The Vice President vowed to closely monitor the progress of work in the ongoing power projects to light up industrial clusters across the country, with a view to holding every relevant official accountable.
“I assure you that, in my capacity as the Board Chairman of NDPHC, I will hold every relevant official accountable and closely monitor the progress achieved in this project. We owe Nigerians this success story,” he declared.
Shettima reiterated the commitment of the Tinubu administration “to providing the necessary institutional and policy support to ensure the successful delivery” of the project.
In an address titled, “Lighting the Path to Economic Development,” the Vice President expressed gratitude to the Governors of Ogun, Lagos and Oyo States where the NDPHC was already developing similar projects, as well as the companies involved.
He noted that the partnership between state-owned power companies and the private sector was an embodiment of progress, teamwork, and commitment to fostering synergy to enhance the productivity of businesses and institutions in the country.
The partnership, according to him, doesn’t only align with the vision of the federal government to transform Nigeria into a premier investment destination but also to serve as an industrial benchmark in Africa.
He added that it was an affirmation of President Tinubu’s resolve to revamp the country’s infrastructure framework.
His words: “The launch of this strategic collaboration between our company, Niger Delta Power Holding Company Limited (NDPHC), and its key partners for the design, development, and operation of projects to supply dedicated, steady, and quality power to major industrial and commercial clusters in Nigeria echoes His Excellency, President Bola Ahmed Tinubu’s pledge to reinvigorate our nation’s infrastructure framework.
“The choice of Agbara, Ogun State, as the pilot site of this owes to its function as an artery of Nigeria’s industrial structure. This is our resolve to breathe new life into the enterprises that sustain our economy.”
Noting that addressing the supply deficit in the Nigerian Electricity Supply Industry (NESI) is an intervention that aims to reverse “the generational setbacks that businesses with immense promise have endured,” Shettima said it was one thing to attract investors to the country, and another to make them stay.
He further assured that lighting up industrial clusters across the country signposts the beginning of a promised opportunity for Nigeria.
“By mobilizing private capital, harnessing the generation portfolio of NDPHC, and utilizing the existing power delivery infrastructure, we aim to provide a consistent, reliable, and high-quality power supply to specific customer clusters with substantial capacity demands.
“This effort has initiated an industrial revival of significant magnitude. In essence, it implies that, after a considerable period, the NESI will experience a substantial increase in supply levels without the necessity of injecting public funds, delivering nearly continuous power precisely where it’s most critical for our economy,” he explained.
Shettima described the host community, Agbara, as an archetype of what private sector investment, innovation, and entrepreneurship could accomplish in the economic and infrastructural development of a nation, noting that other planned industrial clusters are a manifestation of how private capital could “drive industrial development and foster economic prosperity”.
The Vice President also revealed plans by the Federal Government to ensure the industrial clusters unfolded into a reality.
“We are not only committed to providing the institutional and policy support necessary to enable, promote, and sustain this private sector-led initiative but also to paving the way for the emergence of synchronized development in transmission and distribution infrastructure, aligned with the demands of industrial customers.
“This infrastructure is designed for the efficient and reliable transmission of power from NDPHC’s plants. We will deploy the appropriate technology to ensure the efficient operation of the networks and to minimize commercial, collection, and technical losses that have plagued the industry,” he said.
