12 December 2012

Nigeria: Sweden Expresses Interest in Nigeria's Power Sector

Minister of state for Power, Hajiya Zainab Kuchi has received a business delegation from Sweden with investment interest in the Nigeria power sector.

Leader of the 25-man delegation, Swedish State Secretary for trade Mr. Gunnar Oom said the fact that Nigeria was a front runner in business in sub Saharan Africa makes it the right place for his country's investment interest.

He said: "Nigeria is one of the real powers in sub Saharan Africa. Investing here is the right place and it is traditionally a place for Swede companies. Trade between the two countries has increased by 52 percent. What make me excited are the ambitious plans that you have in Nigeria and it fits so well with Swedish expertise and industries."

Mr. Oom said it was his first time in the country but was quite "excited by the entrepreneurial spirit in this country and if that is guided to the right direction and you have the right measures, infrastructure like electricity, there's such a bright future for the country."

Minister of state for power Hajiya Zainab said the delegation expressed interest to invest in different aspects of Nigeria's power sector saying, "We look forward to more concrete Memorandum of Understanding that will lead to the generation of more power in Nigeria."

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