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US prepared to assist Nigeria in developing energy sector

Abuja, Nigeria — ESI-AFRICA.COM — 24 November 2011 – The United States has expressed its willingness to partner with Nigeria in the development of its energy sector in line with world best practices.

Cynthia Akuetteh “’ director for Europe, the Middle East and Africa in the State Department Bureau of Energy Resources “’ praised the Federal Government’s power sector reform agenda, and said the U.S. was ready to help in the efficient implementation of the programme.

She said her bureau was committed to bringing in investors to Africa, especially Nigeria, because of the enormous human and natural resources in the country. “There is just not enough public financing for the sector, so we just have to look for a way to engage the private sector in developing the industry,” she added.
Akuetteh urged the government to show more commitment to good governance, and to create the enabling environment for investment in the country.

She said the U.S was also exploring ways to develop Nigeria’s renewable energy potential, including wind, rain and solar energy, to compliment the country’s oil and gas reserves.

The director stressed the importance of an efficient energy system to national security, noting that even in the U.S. energy was very strategic to the government’s national security.