Meanwhile, the Minister will be attending a series of meetings over the coming days, including meetings with the World Bank to take forwards conversations about lending into
strategic sectors of the economy as part of the administration's focus on addressing Nigeria's infrastructure deficit and accelerating implementation of critical projects.
There has been less M&A activity in the last three years as compared to the previous decade partly due to completion of most privatisation of
strategic sector industries.
In a statement, leaders will ask the Commission «to examine the need and ways to screen investments from third countries
in strategic sectors, while fully respecting members states» competences,» a reference to national sovereignty on the issue.
Whilst Crosland believed that the state could own firms in
strategic sectors to encourage competition or protect national interests, he argued the mixed - managed economy was sufficient - capitalism had been transformed and a capitalist class as such could not longer be said to exist, with firms becoming owned by shareholders, etc..
The power sector must be seen as
a strategic sector whose value lies in supporting economic growth from which government can derive revenues through taxes.