FG Joins International Energy Charter to Boost Energy Supply

By December 21, 2016 Investment News

As part of its determination to create the enabling platform for industrialization by making energy resources available in the country the Federal Government is considering the possibility of signing  a treaty  to become a member of the International Energy Charter.


The Minister of Science and Technology, Dr Ogbonnaya Onu stated this when the representative of the International Energy Charter Dr. Monica Emmanuel paid a courtesy call on him in his office.

The Minister said that signing into membership of the International Energy Charter in Brussels will give Nigeria the opportunity to share information, build capacity, research and skills development with no obligation.

Earlier the Representative of the International Energy Charter, Brussels, Dr. Monica Emmanuel said that the membership will attract many international players in the energy industry to Nigeria.

According to the Dr. Emmanuel, “Nigerian is not yet tapping into half of the potential it carries, Nigeria is a very big country with enormous resources the Energy Charter will create the platform for international organizations and for member countries to collaborate and share information that can be beneficially to each country”.

The International Energy Charter Representative stated that “for Nigeria to attract investors you must ensure that your policies and programme is conducive and also aligned with the international standard, Nigeria is a very big country with enormous resources and one of the big players in international Energy sector”.

 “We want to attract much more that can move Nigeria to the level it supposed to be. We need to align our policies to make our countries become more attractive and beneficial to investors because it has to be a win situation and not win lose situation. Dr. Emmanuel noted.

Source: <NTA>