Bayelsa State government plans to withdraw from the national power grid, and to offer huge incentives ‒ including land, tax holidays and equity partnership ‒ to foreign entities willing to invest in the state.

The state government owns most of the power distribution infrastructure that is used in the state.

Says commissioner of energy Maxwell Oko: 'Bayelsa is the only state without national power, and we own about 98% of our power infrastructure. So in a couple of months from now, we will do a total pull-out from the national grid because the power infrastructure belongs to us.'

Bayelsa has an independent power plant from which it proposes to provide 24-hour power supply to investors.

Source: Esi.com