By Modupe Gbadeyanka
Members of the fourth estate of the realm have been urged to stop chasing away potential investors in the power sector in Nigeria with their ‘inresponsible and unbalanced reportage’ of the industry.
Managing Director/CEO of Nigeria Bulk Electricity Trading PLC, Ms Marilyn Amobi, who made this appeal on Wednesday in Abuja, noted that “bad news are read by investors around the world who naturally become anxious of a hostile business climate, which unfortunately is what the Nigeria media does often.”
Addressing a delegation of the Nigeria Union of Journalists (NUJ) FCT Council, Ms Amobi said unbalanced reportage of the sector was capable of affecting free flow of Foreign Direct Investment which is critical energy development.
According to The Sun, the NBET chief said inaccurate reportage of the sector will naturally slow the progress being made in the industry, emphasising on the need for journalists to always portray issues and events in a neutral and unbiased manner, regardless of their personal opinions or belief.
Speaking on issues of accountability and transparency in the NBET, the MD disclosed that all financial transactions with Generating Companies (Gencos) and international customers are made public through monthly publication in the media for scrutiny and transparency sake.
She expressed the confidence that the power sector reforms in the company will not be halted under any primordial threats.
more recommended stories
House of Reps Okays Buhari’s $22.8bn Loan Request
By Adedapo Adesanya The House of.
UPDC Lists of 16bn Rights Issue on NSE
By Tenebe Anthonia UACN Property Development.
FBN Completes Sale of FBN Insurance to Sanlam Limited
By Adedapo Adesanya FBN Holdings Plc.
FMDQ Exchange Lists Flour Mills N30bn CP
By Adedapo Adesanya FMDQ Securities Exchange.
DPR Announces Commencement of Marginal Oilfield Bids
By Adedapo Adesanya Despite recent developments.
Manufacturing PMI Records First Contraction in 37 Months—CBN
By Dipo Olowookere For the first.
Investors Trade 1.5 million Stocks on NASD Monday
By Adedapo Adesanya The NASD Over-the-Counter.
Naira Sustains Impressive Performance at Forex Market
By Adedapo Adesanya The Naira continued.