23 September 2016, Sweetcrude, Abuja – The Nigerian Government has stressed the need to increase the nation’s energy sources through diversification in order to boost industrialisation and grow the economy.
The Minister of Science and Technology, Dr. Ogbonnaya Onu, disclosed this in a meeting with the Research Fellow for Nigeria/ECOWAS, International Energy Charter, Dr. Monica Emmanuel, yesterday in Abuja.
Dr. Onu said Nigeria needed to exploit more of the energy resources it was blessed with to allow for an enhanced industrialisation process.
He said the role of energy through the ministry of science and technology in diversifying a sustainable and competitive economy could not be over emphasised.
Onu said, “We have also come to the realization that we need to make sure that the energy which we require to ensure that the industrialization process is in the country takes off and that we do all the necessary investments because without energy, without power, without electricity it is very difficult for a nation to industrialize.”
Earlier, Dr Monica Emmanuel stressed the benefits that could be accrued if Nigeria were to sign a treaty with the International Energy Charter, IEC.
“There are so many investors who are not yet here and so we want to attract even much more that can move Nigeria to the level she is supposed to be,” she noted.