Why Nigeria

The 14th Future Energy Nigeria (formerly known as the West African Power Industry Convention – WAPIC) with the support of the Ministry of Power, Transmission Company of Nigeria, Nigeria Electricity Regulatory Commission, Distribution Companies and prominent Generation companies, will once again host many of the Country’s leading energy decision-makers from 13 - 14 November 2018 at the Eko Hotel & Suite Convention Centre, Lagos, Nigeria. Value Proposition

The Future Energy Nigeria is recognised as being a distinctive gathering of stakeholders within the power value-chain which includes governments, power generation companies, transmission and distribution companies, off takers, developers, Investors, Equipment manufacturers and providers, technology providers, EPCs, legal and consulting firms all with a shared goal of supporting the on-going implementation of finding lasting solutions to Nigeria’s energy challenges.

Transforming the Nigerian power landscape

Nigeria’s potential to become one of the world’s largest economies will remain just an aspiration without the electricity required to pursue aggressive industrialisation. This will necessitate solution based projects and initiatives geared towards overcoming the crisis identified in the sector with a view to fast-tracking the delivery of constant electricity in the region.  The growing complexities of the problems confronting the power sector, provides opportunities for doing business in Nigeria. From emerging technologies within the metering space, data management and gas to power infrastructure, in correlation with the attraction and retention of investment in the sector will be imperative to transform the Nigerian power sector.  

Future Energy Nigeria (formerly known and the West African Power Industry Convention-WAPIC) with the support of the Ministry of Power, Transmission Company of Nigeria, Nigeria Electricity Regulatory Commission, Distribution Companies and prominent Generation companies. Now in its 15th year is recognised as being a distinctive gathering of key stakeholders within the power value chain and has become an industry partner in assisting local government, Federal Ministry of power housing and works, and the relevant key stakeholders providing power, to deliver consistent power the people. 

Investment Opportunities

Nigeria is determined to meet its demands and contribute more to the West Africa power pool. Huge investment opportunities exist in the Nigeria Electricity Supply Industry as local and international investors are encouraged to take advantage of the huge opportunities in the sector, such as:

  • Expansion of existing facilities in generation, transmission and distribution
  • Manufacturing of wires, cables, Transformers and other auxiliary equipment
  • Building new integrated power plants (IPPs)
  • Expansion of existing transmission lines
  • Production and distribution of metering devices
  • Provision of operations and maintenance services

Special Incentives for Investors

  • Huge market with abundant opportunities for investors
  • Purely private sector driven
  • Extensive gas infrastructure facilities
  • Efficient and effective regulatory authority
  • Cost Reflective tariff for electricity
  • 0% duty on power generation equipment
  • 20% capital allowance for 5 years
  • Cost Reflective Gas pricing mechanism
  • Tax holiday for manufacturing activities (up to 3 years tax holiday renewable for additional 2 years)

Be at the Future Energy Nigeria to meet and start up business conversation with the Nigerian power and energy industry. Speak with Ade Yesufu, Business Development Director, ade.yesufu@spintelligent.com to find out how you can get involved.

Download the post event report here