These sectors come under the purview of the Federal Ministry of Power and Steel.

Power Sector
Government has concluded plans towards revitalization of installations of the National Electric Power Authority, NEPA to enable it meet its total installed capacity of 600OMW. Sufficient funds are being injected for the rehabilitation of ageing plants and equipment. In order to allow full private sector participation in power generation, transmission and distribution, government has accepted to deregulate the sector by the year 2000. This will allow local and foreign investors to build, own and operate and/or transfer independent electricity. All laws that inhibit private sector participation in the power sector are being renewed with a view to, amending them and encouraging investment. This step will complement the de-consolidadon of the industry as far as the state-owned NEPA is concerned. The hitherto largely over-centralised operations of this agency will be decentralised.

Guidelines and framework for Independent Power Produces (IIPP's) are now being put together following the interest and applications already put forward by independent producers from all around the Investment Opportunities exist for hydro-power generation in Manbilla Fall, Adamava State and gbokin fall in CrossRiver State . NEPA will readily negototiate a Memeorandum of Understanding (MOU) with any foreign energy company to cover the following areas: 

• Development of energy resources and infrastructures;
• Management of energy infrastructure; 
• Commercialization of energy 
• Training; and
• Exchange of information and experience. 
  It is expected that further discussions will centre on: 
• Construction and Management of power stations by private companies; 
• Production of Steam and gas turbine spare parts 
• Repair and testing of power transformers;
• Development of wind turbines for generation of electricity;
• Manufacture of distribution transformers and line hardware;
• Technology transfer through joint erection of new power plants;
• Training of NEPA staff in computer based maintenance system etc

The Steel Sector
Plans by the Ministry to revitalise the Steel sector are underway. As a first step to reviving the sector, technical audit and cost estimate for completion of Ajaokuta Steel Project are being contemplated. The Ministry is also planning to rehabilitate the Delta Steel Company and three in-land Steel Rolling Mills in the country with a view to making them function effectively. Staff training and developmetn is also being given attention because local skilled manpower availability can motivate an investor into the industry. These efforts are aimed at putting the sector in a state of readiness for foreign investment. 

In consonance with the nations technical and economic cooperation policies for this sector, some areas of joint co-operation have been identified, and investors will be encouraged to invest in the sector. Discussions will centre on the joint venture commercial operation of the completed units of the Ajaokuta Steel Project. Investors will be encouraged in the following areas:

• Iron Making Plant with capacity to produce 1.35 metric tonnes of billets;
• Billet Mill with capacity to produce 795,000 tonnes of billets per annum;
• Light Section Mill with capacity to produce 400,000 tonnes of bars per annum;
• Medium Section Mill with capacity to produce 130,000 tonnes of wire coils per annum; and
• Engineering Workshops comprising:
• The Power Equipment Repair Shop
  Forge Fabrication and Rubberising Shop with capacity to produce 4,200tonnes of fabricated structures.

The Aluminium Sector
The Aluminium Smelter Company of Nigeria , ALSCON, is a joint venture project in which Nigeria owns 70% of the equity shares, while the remaining 30% is shared between AG Ferrostaal of Germany with 20% shares and Reynolds Inc. of US with 10% shares. The present administration is making efforts to ensure that the aluminium smelter plant is properly funded. It has given invitation to private investors to invest in the company and/or take part of Nigeria 's 70% shares. The plant is one of the best and biggest in the world with the most modern technology. A number of countries have signed or are negotiating trade and economic cooperation agreements with Nigeria . Since the essence of these bilateral agreements is to foster unity. boost econormic growth and technological co-operation, foreign investors should take advantage of existing bilateral ties and harken to the call to invest in the ALSCON project as in other projects in the power and steel sectors.