The International Atomic Energy Agency (IAEA) said Nigeria’s economy will develop on completion of its nuclear energy power plant, which will provide at least 4,000 megawatts (Mw) in the country.
The firm, based in United States, in a study said the Nuclear Energy Plant (NPP), which will be located in the eastern and other parts of Nigeria, will provide direct and indirect economic benefits to the citizens.
It said opportunities abound in the areas of manufacturing of materials such as pumps, valves, pipes, tubes, insulating machines, pressure vessels, pressurizers, heat exchangers and others, adding that the idea will boost the economy.
It said activities of suppliers of concrete and steel materials will be boosted, as they would create jobs for more people. The firm also said that nuclear energy plants in Czech Republic provide $6million for the economy annually to develop infrastructure in the country, stressing that Nigeria will get more revenue, in the event that the plants are built by 2025.
Source: The Nation