Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » US firms to invest $1.5bn in Nigeria’s power sector

    US firms to invest $1.5bn in Nigeria’s power sector

    February 15, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    15 February 2012, Sweetcrude, LAGOS – If all goes well, the United States would be investing as much as N1.5 billion in Nigeria’s power generation, transmission and distribution, according to Wanda Felton, vice-chairperson of the United States Export Import Bank (USEXIMB).

    Felton, who is part of the current US Energy Trade Mission to Nigeria, told journalists in Lagos that the investment would come through US private sector firms willing to exploit the opportunities in the Nigerian power sector.

    “We are committed to staking as much as $1.5billion in financing to support investment in the Nigerian power sector,” she said, adding that the amount would only be the first part of other investment in power sector in Nigeria.

    “We want to attract US companies into the Nigerian Power Sector. We do not want them to miss out. The US missed out of the opportunities in the Nigerian Telecommunications Sector some years ago and we do not want to miss out of the Power Sector opportunities” another leader of the delegation and deputy assistant secretary for African Affairs, Williams Fitzgerald, said.

    According to him, eight US companies are involved in the trade mission, which has earlier taken them to Mozambique and Kenya, would be heading to Ghana from Nigeria.

    Related News

    IPMAN raises alarm over Dangote’s free fuel distribution plan

    Crude oil prices climb above $77/b amid Israel-Iran clash

    ‘Ghana has lost $11bn to gold smuggling, links to UAE’

    E-book
    Resilience Exhibition

    Latest News

    IPMAN raises alarm over Dangote’s free fuel distribution plan

    June 16, 2025

    TotalEnergies enters 40 Chevron-operated US offshore blocks

    June 16, 2025

    OPEC expects solid second-half of 2025 for world economy

    June 16, 2025

    Crude oil prices climb above $77/b amid Israel-Iran clash

    June 16, 2025

    ‘Ghana has lost $11bn to gold smuggling, links to UAE’

    June 16, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.