FG woos Brazil for power

Nigeria says Brazil is among countries still left out of privatised power sector and wants its investment to ensure more citizens get electricity supply.

Power Minister, Chinedu Nebo, who received a Brazilian business delegation in the ministry’s headquarters in Abuja, said Nigeria needed “cooperation and synergy” with Brazil.

“Brazil has not penetrated enough in our on-going sales of power assets,’’ Nebo said in talks with Ricardo Shaefer—Brazil’s Vice Minister for Development, Industry and International Trade.

“We are prepared to link you with Nigerian partners, so that we can benefit from your expertise in generation, distribution, technology access and capacity building.”

But Nebo raised concerns about gaps in metering, which could discourage investors in power.

Up to 50% of electricity consumers have no metres, according to the Minister.

“In a privatized electricity market, would-be investors will be scared as this may translate to their inability to recoup from their investment,” Nebo noted.

But he was optimistic that Brazil’s leadership among third world countries seeking to power rural communities provided hope that Nigeria would overcome challenges in development.

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