28 April 2008
Lagos — An Israel-Nigeria firm has finalised plans to build a 10million dollar (about N116m) solar energy plant in Nigeria to generate electricity.
Doron Shimoni, a representative of Israel-Nigeria cooperative company, the initiators, made this known at the weekend in an interview with the News Agency of Nigeria in Abuja. He noted that for Nigeria to achieve and experience economic growth, the problem of irregular power supply must be addressed."In the era of global warming and climate change, Nigeria ought not to rely exclusively on fossil fuel."The country should be advancing towards developing modern techniques of energy generation and distribution,"he said.
Shimoni stated that Nigeria and Israel had for long enjoyed a healthy bilateral diplomatic and economic ties.
According to him, the growing positive image of Nigeria across the globe has made her a business destination among Israeli business class.
The facilitator of the project in Nigeria, Mr Anthony Ohia-Ezukpo said the company plans to invest more than 100 million dollars (about N11.6b) in the Nigerian economy in the next one year.
He said the investment would span the key sectors of agriculture, energy, health and construction thereby creating about 10,000 new jobs."There is a lot Nigeria and Israel can do together in the area of agriculture, energy, medicine and construction. Israel will provide the technical expertise for all the projects we will be executing,"he said.
Ohia-Ezukpo said the company had carefully studied the Nigerian economy and identified key areas where foreign investment could be effectively deployed to assist the country realise its vision 2020 initiative.
Be the first to Write a Comment!
Copyright © 2008 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
