Business Hilights

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Babatunde Fashola

FG introduces weight, loading limits for articulated vehicles to save highways

Considering the volume of allocation so far spent on repairing and reconstructing federal highways across the country, the federal government has introduced a policy that will limit the amount of load that is carried and conveyed by certain heavy duty…

Agreeing S-South, S-East roads worst in the country vindicates IPOB claims—Analysts

The federal government has given clearer credence to the agitations of the Independent People of Biafra (IPOB) over instances of marginalization and negligence of the region as far as the present administration is concerned. This was the general consensus of…

FG has no money to fix Apapa-Tincan-Oshodi road now—Fashola

More facts have emerged on why the federal government has given deaf ears to the yearnings of Tincan port users over the poor state of the road. Explaining issues in Lagos, the Minister of Power, Works and Housing, Mr. Babatunde…

Bypass electric meter now, pay N450,000 fine or be jailed

Worried by rampant theft of power by way of meter bypass in several parts of the country, the Nigerian Electricity Regulatory Commission (NERC) has drafted sanction ranging from N50,000 to N450,000 for suspects. Already, the regulator has secured the endorsement…

Power hits 7001MW, all time high, but evacuations remain poor

The irony of Nigeria’s power crisis stemmed from the veiled truth that Africa’s largest economy now has the capacity to produce more power than it can distribute. This is based on the fact that since September 12 this year (2017),…

China’s 85% funding for $5.8 billion Mambila hydroelectric power worries experts

Recent funding deal sealed between Nigeria and Chinese Export-Import Bank that will deliver the 3,050-megawatt Mambila hydroelectric power project in Taraba state within six year, has continued to draw both positive and discordant reactions from power stakeholders. The construction will…

Comments during US Senators’ visit lands Egbin Power boss in immigration trouble

Twist and looming crisis capable of landing Lagos State into darkness have begun, following some comments made by the Managing Director of Egbin Power Plc, Dallas Peavey, which did not go down well with the Minister of Power, Works and…

Buhari excited on Dangote, FMN, NPA partnership over Apapa-Wharf Road—Minister

The Minister of Power, Works and Housing, Mr. Babatunde Fashola has revealed that President Muhammadu Buhari was highly astonished on hearing that Alhaji Aliko Dangote agreed to pull resources together with Flour Mills of Nigeria (FMN) and the Nigerian Ports…

FG begins construction in 33 states to boost national housing scheme

As part of drive to reduce housing deficit in Nigerian which has climbed to 20 million at the end of 2016, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Thursday, said the Federal Government has commenced construction…

7 plants idle, Fashola silent as power generation collapses below 3,000MW

That the nation’s power generation has fallen below the 3,000 megawatts mark is no more news, rather the number of idle power plants has risen to eight at the last count. However, effort to get the views of the Minister…