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 decision to hold back
making investment in the country’s power sector.
But the firm 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 future.
Anil Sardana, formerly of the World Bank
and currently the managing director of Tata Power, told BusinessDay in
an exclusive interview in Mumbai, India, that “Nigeria remains a very
huge market with great potentials for investment. Just set your systems
right and the whole world will be on their knees begging to invest.
