With over one year of the almost total privatization of the Nigerian power sector; things are looking up for the sector despite some initial but expected challenges. Many international and local analysts and institutions are quite optimistic about the prospects of the industry. According to USPRwire, "Strong macroeconomic fundamentals, progress in gas- fired and renewable power generation and the mobilisation of domestic and international financing continue to support our long-term optimistic outlook for Nigeria's power sector.
We have maintained our core view that the Nigerian power market can offer huge long-term opportunities for investors willing to take current operational risks. This is predicated on colossal untapped - and growing - demand for power, driven by an expanding population, a booming economy and a still limited national electrification rate (currently at about 50% of the population). We forecast real GDP to expand by an annual average rate of 6.8% between 2014 and 2023, while power consumption will grow by an average rate of 9.6% over the same period." Indices point to the fact that there would be increasing demands for electric power as well as electrical materials and accessories thus making investments in power generation, distribution and transmission as well as in the production and sale of electrical materials, appliances and accessories potentially profitable ventures. It is to highlight and showcase the abundant potentials of this important sector that the Nigeria International Power Expo and Conference [NIPEXPO] holds.
Nigeria International Power Expo and Conference is organized by BKG Exhibitions Limited in collaboration with the Federal Ministry of Power and other Stakeholders in the Nigerian Power Sector. It is to bring together experts from diverse fields in the power/electricity and allied sectors to showcase latest products and services, discuss, inform, educate, review and or make informed inputs into power policies, programmes and implementation in Nigeria's fast developing power sector.
The event is the major private sector event that has the full and active participation of all the key Private sector operators, Government Ministries, Agencies and Departments in the Nigerian power sector. This has made it a 'must be' event for serious investors and players desirous of making it in the Sub-Saharan Africa's biggest energy/power market.
A vantage position to understand the prospects and challenges of participating, entering and or investing in the largest power market in Africa Provides a strategic platform for companies to meet and network other players from the global stage to boost businesses A veritable forum for participants, other operators and stakeholders in the industry to make useful contributions to the review, formulation and implementation of a viable and sustainable power policy and programme
Date: Sept. 18 - 20, 2017 Venue: Nicon Luxurt Hotel, Abuja, Nigeria