President Muhammadu Buhari, has said that Nigeria had liberalised its energy policy on power generation and distribution to allow investors generate power and sell to willing buyers, as opposed to the old, centralised practice where energy generators were obliged to produce and pool energy in the national grid for distribution nationwide.
He said the latest development was aimed at attracting investment to the sector and encourages industrialisation in the country, noting that African youths possessed enormous talents and strength to transform the continent.
Buhari made this known through Vice President Yemi Osinbajo at the 2019 edition of the Tony Elumelu Foundation Entrepreneurship Forum, where African leaders in politics and business, as well as captains of industry, gathered to discuss and provide workable solutions to the continent’s industrialisation challenge.
In attendance were Vice President Yemi Osinbajo, Presidents Paul Kagame of Rwanda, Macky Sall of Senegal, Felix Tshisekedi of the Democratic Republic of Congo and the Prime Minister of Uganda, Ruhakana Rugunda.
