25 September 2013 – With the privatisation of distributions companies in Nigeria, senior executives from four of the country’s distribution companies – Abuja, Benin, Eko, and Ikeja – with a combined procurement budget of over US$800 million, will participate in a Reverse Trade Mission (RTM) to the United States from October 15 − 25, 2013, sponsored by the United States Trade and Development Agency (USTDA). The delegation will comprise senior decision makers from Nigeria’s newly privatised electricity distribution companies, the Nigerian Electricity Regulatory Commission and a commercial representative from the US embassy in Abuja.
As part of the government of Nigeria’s Power Sector Reform Roadmap, the sector is being overhauled to accelerate the expansion of power supply while dramatically improving service delivery, revenue recovery and efficiency across the power sector value chain. A cornerstone of this reform is the on-going privatisation of eleven distribution companies in Nigeria.
“The expected growth in Nigeria’s power sector is creating unprecedented opportunities for US firms,” USTDA’s regional director for sub-Saharan Africa, Paul Marin, says. The RTM will expose Nigerian delegates to US technologies, equipment, and services, as well as policies, regulations, financing mechanisms and management structures that can support the implementation of smart grid infrastructure in Nigeria’s distribution companies.