Ukrainian company, EDS, has begun moves to invest in Nigeria’s energy sector.
The Director of the company, Zapyshynyi Olexandr, addressing a press conference in Abuja on Monday, said the company was already mapping out strategies on how to go about the project.
Olexandr, while noting that the project would combine solar, wind and hydro energies, said it would begin in the FCT and Lagos before moving to other states.
He said: “We are looking at mini-grids because we realised that that is where the energy problem is in Nigeria.
“How successful the first project is will determine how much investment we will bring in.”
He said Nigeria should expect more investments from Ukraine, as the country was moving towards investing in Africa.
Olexandr said the President of Ukraine had given the go-ahead for Ukrainian companies to invest in Africa.
Also speaking at the press conference, the President of the Ukraine-Nigeria Business Council, Ben Gbade Ojo, said: “Today, we are pleased to present to Nigerians the EDS Ukraine Power and Engineering, a Ukrainian company that has all it takes to turn around the electric power fortunes of Nigeria and help transform Nigeria into a power-efficient nation.
This introduction of EDS followed an offer by the Ukraine-Nigeria Business Council to help Nigeria fix its troubled electric power sector, through partnership with firms in the Republic of Ukraine.
Ojo, who attributed industrial and economic challenges faced by the country to poor electric power conditions, pointed out the vast opportunities available for the sustainable development and maximal performance of Nigeria’s troubled electric power sector.
“For years, Nigerians have complained about erratic power supply. It is often reported that the generation and distribution of electricity in Nigeria leave much to be desired,” he said.
