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Tag Archives: Babatunde Fashola

More confusion trail power distribution as Discos demand tariff hike, Gencos cry for debts

fashola switches op transmiter

The growing confusion in the nation’s power sector may be getting out hand when latest developments in the industry are pout on the table. Before now, the Distribution Companies (Discos) had been calling for tariff hike which was not allowed. The Generation Companies are also being crippled by a debt of over N504bn and the worst case scenario can be ...

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Industrialists mull clustering so as to build IPP to sustain manufacturing

Jacobs MAN Boss

A move suggesting that Nigerian industrialists’ have lost confidence on the possibilities of the current Minister of Power, Works and Housing, Babatunde Fashola to revive the electricity sector is now playing out. Now, manufacturers are thinking on how they can cluster together and raise funds to build an independent power plant (IPP) that will only serve their companies within their ...

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Finally, Fashola opens up on Lagos port access roads, says work beginning soon

Babatunde Fashola

Indication has emerged that the Nigerian Ports Authority (NPA) which recently agreed to fix failed portions of Apapa port access roads may not bear the cost after all as the Minister of Power, Works and Housing, Babatunde Fashola, has said that the rehabilitation of access roads at Apapa Port in Lagos State was a priority project of the Federal Government. ...

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NPA plans legal redress over wharf landing fee charged by LASG on containers

Usman

The managing director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has given an indication that the federal agency will approach a federal high court to seek the end of the collection of wharf landing fee Tax by the State government. It would be recalled that during the middle part of the former Governor Babatunde Fashola administration, he sent the ...

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Any W/bank facility to Discos’ll be diverted to paying bad loans, meaning no light—Expert

fashola switches op transmiter

Whereas the Federal Government is seeking $5.2bn from the World Bank to expand electricity generation and distribution, an energy consultant, Shaibu Dada has warned that such facility will be diverted into settling existing bad loans which will translate to continued darkness and more debts. Only last week, the Minister Power, Works and Housing, Babatunde Fashola revealed that the major hidden ...

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NERC mulls new rules, capital limits for power sector investors to tame poor deliveries

nerc logo

Considering observed failures and poor growth in the power sector, the Nigerian Electricity Regulatory Commission (NERC), will soon rollout new recapitalization guidelines that must be met by prospective investors in the power sector. Having indentified paucity of fund as a major setback in the industry, the Commission recalled that successor companies of the Power Holding Company of Nigeria (PHCN) were ...

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Nigerians disagree over plans by power firm to export electricity

Babatunde Fashola

A communiqué issued at the end of the 14th monthly meeting of the Minister of Power, Works and Housing, Mr. Babatunde Fashola, with operators of the power sector, at the National Control Centre, Osogbo has hinted plans by a private electricity generating company, Paras Energy & Natural Resources Development Limited, to sell some megawatts of electricity outside Nigeria. But Nigerians ...

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TCN has driven national grid capacity from 500 MWs in 2013, to 6,500 MW

fashola switches op transmiter

Contrary to speculations in some quarters that the Transmission Company of Nigeria (TCN) has become the main challenge in the process of power development in Nigeria, the company wholly owned by the federal government has reacted, saying it has done well in line with the Act establishing it in the last three years. The General Manager, Public Affairs, Seun Olagunju, ...

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Group petitions ICPC over Fashola’s silence on alleged N166bn contracts

Babatunde Fashola

After several efforts to get clear answers to questions posed, the Civil Society Network Against Corruption (CSNAC) has petitioned the Independent Corrupt Practices (and other related offences) Commission (ICPC) to commence investigation on issues around the Bureau of Public Procurement’s query to the Minister of Works, Power and Housing, Babatunde Fashola, over the award of contracts worth N166 billion. The ...

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Deliver power sector now or resign, enough of reasons, counter reasons, CD tells Fashola

fashola switches op transmiter

The intractable epilepsy hobbling the nation’s power supply and mainly the South East zone has attracted the attention of Campaign for Democracy (CD), forcing the body to give the Minister of Power, Works and Housing, Babatunde Fashola (SAN) up till 30 days from now to fix the ailing sector or resign his appointment as a minister immediately. In a communiqué ...

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