The Nigerian government cannot cope with huge demand for electricity, and it has called South African companies to invest in its coal-based power generation programme.
Alex Nwengbu, who represented Nigeria’s Solid Minerals Development Minister, Dr Kayode Fayemi, at the Junior Indaba, called on South African companies to invest in Nigeria to enable the country reach its coal-based power generation target of 30%.
Nwengbu said he hoped that with the 10 000 registered geologists, Nigeria would be able to meet its target, as it had attracted interest from investors who were looking at venturing into exploration and mining.
“We are engaging all stakeholders to ensure the investment environment for exploration improved.”
Nigerians have resorted to load-shedding as part of life, and have resorted to using generators for electricity.