A Review of the Nigerian Energy Industry

Nigeria signs agreement with US to boost mining, other sectors

02 January 2012, Sweetcrude, ABUJA – Nigeria has signed a Memorandum of Understanding (MoU) with a United States of America consortium, JRF Technology, that would see the American firm invest in boosting mining and agriculture in the country.

According to Mr. Olusegun Aganga, Nigeria’s Minister of Trade and Investment, the plan is for the company to create investment in Nigeria’s value chain, transnational border market, energy, infrastructure and aviation among other non-oil sector.

There is also an agreement in the MoU that the American consortium would create a viable institutional partnership for Train-to-Work initiative of the Federal Ministry of Trade and Investment and identify business opportunities, develop entrepreneurship and vocational capacities and provide necessary start-up capital for small and medium enterprises for Nigerians.

At the signiong ceremony in Abuja, Aganga commended the consortium, led by a Canada-based investor and the Chairman and Chief Executive Officer (CEO), Messrs JRY Technology, Mr. Jozsef Alberti, for their dedication and commitment to invest in the country and urged them to continue to be good ambassador for Nigeria and advocates of good things they had seen during their visit.

In his words, “This is a fruitful and symbiotic relationship and our job is to make sure you realize your goal and make return to your shareholders.”

Earlier, Alberti had pointed out that he and his colleagues’ were anxious to take advantage of the huge potentials in the mining, agriculture value chain, energy, infrastructure, aviation and non-oil sector of the Nigeria economy.
He thanked the Federal Government for creating a conducive environment for investors and pledged to do their best to transform the economy of Nigeria.

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