D-8 Organisation Pledges Support New Nigeria’s Energy Transition Plan

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The group, Developing Eight Organisation for Economic Cooperation (D-8)-member countries have indicated readiness to partner with Nigeria on the recently launched Energy Transition Plan.
Receiving some directors of the Nigerian Bulk Electricity Trading (NBET) Plc who visited Republic of Turkey last week to sign a partnership deal with Energy Exchange Istanbul (EXIST), secretary-general of the D-8 group, Ambassador Isiaka Imam, congratulated Nigeria for the initiative.

He described EXIST as a foremost Turkish energy firm, adding that the company is capable of turning around the fortune of Nigerian power sector reforms efforts for more improved performance.
The federal government’s delegation to the D-8 Secretariat in Istanbul, Turkey was led by permanent secretary, federal ministry of power, Mr. Nebolisa Anako. 

Receiving the delegation, Imam updated them on the various programmes and activities of the D-8 organisation, since his assumption of duty early this year.

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A statement from the Nigerian office of the D-8 Organisation for Economic Cooperation,  yesterday in Abuja, signed by Mr. Ilham Uludag, said Imam praised the initiative of the federal government for entering into partnership with EXIST.

Imam said this would further concretise the efforts at the D-8 organisation to scale up intra-cooperation among member countries.

The statement reads: “The step being taken by the federal government of Nigeria by going into partnership with a company in one of our member countries to solve its electricity problems gladdens our hearts and this is the type of initiative we are encouraging and ready to support at our organisation.”
The secretary-general emphasised on the key importance of the energy sector towards achieving the goals of economic growth in D-8 member countries and pledged the support of the organisation for Nigeria’s Energy Transition Plan.

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The organisation would be holding its first sectoral meeting on energy in Iran later this year, and Nigerian Bulk Electricity Trading to participate along with the Nigerian delegation.
Imam promised to liaise with the G-8 countries member countries for capacity building programmes with NBET in energy. Anako thanked the G-8 scribe for accepting to receive his team and used the opportunity to share information on the role of NBET in the country’s power sector.

Amongst the delegation from Nigeria that accompanied Mr. Anako was, director general, Budget Office of the Federation, Mr. Ben Akabueze, Director General, Debt Management Office of Nigeria, Ms. Patience Oniha, and MD/CEO, NBET, Mr. Nnaemeka Ewelukwa.

During the visit, Mr. Onder Yol, chairman of ZY Electric Company in Turkiye, was also on hand to introduce his company, where he explained its projects in the energy sector and sought for potential with the Nigerian government.


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