- Tata Power, a subsidiary of one of India’s leading 100 conglomerates, the Tata Group, has blamed the prevalence of lawlessness, corruption, policy inconsistencies, and insecurity in Nigeria for its initial decision to hold back on investing in the country’s power sector.
- The firm however welcomes the current fight against corruption being pursued by President Muhammadu Buhari’s administration and says its success could persuade a change of heart at Tata in the not too distant future.
Anil Sardana, the Managing Director of Tata Power said of Nigeria, “With your election and transition from one government to another, we are waiting to see how things get done on the ground. At the moment, the reason why we have management and technical advisers in Nigeria studying trends, is that we want to see how development unfolds”.
See What Is Holding Tata From Investing In Nigeria’s Energy Sector
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