Federal Government to Partner With UKNIAF To Reform Power Infrastructure

A New Leap For The Nigerian Economy

The federal government of Nigeria is discussing with the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF) about a possible partnership to transform critical power infrastructure and projects. The Federal government plans to request for technical support from the facility, to focus on the power sector policy reforms, DisCo audits, grid efficiency, Tariff reforms, and reliable and sustainable off grid renewable solutions.

The Ministry of Power revealed this information after the meeting between the Minister, Engr Salem Mamman and the members of UKNIAF led by Program Lead for Power, Mr Frank Edozie on Monday through its Twitter page.

The Hon. Minister attended the meeting with the Director, renewable energy resources Engr. Faruk Yusuf Yabo, his Special adviser on Policy @abbaaliyu_, his Technical adviser on Strategic Coordination Dr. Nurian Hassan@inhassan and his Technical assistant on ICT & Digital Communications.

The Ministry of Power tweeted the following statement, “The Hon. Minister of Power @EngrSMamman held a meeting with members of the United Kingdom Nigeria Infrastructure Advisory Facility @ukniaf led by Program Lead for Power, Mr. Frank Edozie to discuss partnering to transform critical power infrastructure and projects.

“They discussed how the facility can be of help with providing technical support to @NERCNG, @TCN_NIGERIA, @rea1REANigeria & @nbetnigeria by focusing on, Power sector policy reforms, Tariff reforms, DisCo audits, grid efficiency and sustainable off grid renewable solutions.”

Advantages Of A Possible Partnership Between The Federal Government And UKNIAF

If the partnership between the federal government and the UKNIAF succeeds, it will help Nigeria upgrade from the Transitional Electricity Market (TEM) to the Medium Term Electricity Market (MTEM) which includes an increase in generation competition and minimum retail competition. It will also provide technical support to the power sector’s regulators and other agencies.

What You Need To Know About the UKNIAF

The UKNIAF is an organization that aims to improve the delivery and management of Nigeria’s infrastructure. It is a flexible, rapid response, demand-led technical assistance programme that primarily supports the Federal Government of Nigeria, with potential support to sub-national governments.

They also aim to improve investments and to increase access to new and improved infrastructures. Stay connected with us at FXcryptonews for recent updates, news and events.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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