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Tag Archives: Mr. Babatunde Fashola

If you wish, pay for your meters, Fashola changes discuss, group kicks


Fresh twist emerged on Tuesday, on the ongoing confusion bordering on whether or not consumers’ should for meters as the Minister of Power, Works and Housing, Mr. Babatunde Fashola said government will not oppose the wishes of electricity consumers willing to pay for meters from their distribution companies if both had an understanding to do so. This stemmed from his ...

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Default of N8.94bn forces J/Berger, RCC to stop work on Lagos-Ibadan highway


Default in agreed payment schedule of about N8.9bn has caused the suspension of construction activities along the strategic Lagos-Ibadan Expressway by key contractors including Julius Berger Nigeria (JB) Plc and Reynolds Construction Company (RCC) Nigeria Limited. Before the halt, both companies had in two separate letters of notice of suspension of work to the Minister of Power, Works and Housing, ...

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Why investment in prepaid meter may not work in Nigeria


That the Minister of Power, Works and Housing, Mr. Babatunde Fashola, opened up to Nigerians recently that the 11 distribution companies would need about N220 billion to provide prepaid meter to power consumers is no more news. Besides, the Discos inability to give meters to every household is not due to liquidity challenges, and difficulties in accessing credit to purchase ...

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Preliminary signs of possible crash of 2017 budget emerging gradually


With recent bickering, claims and counter claims zooming out from both the ministers and the National Assembly members, national budget analysts are beginning to see reasons on why the implementation of 2017 budget may be marred with early failures. First of all, the early signs came from the delay in assenting the budget passed by the National Assembly. Shortly after, ...

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340 Megawatts Afam Thermal Power Plant set to resume generation

power transmission lines

Barring last minute default, all is set for the resumption of power generation at the multibillion naira Afam Thermal Power Plant in Port Harcourt, Rivers State. The delivery will lead to incremental electricity supply as it will deliver 340 Megawatts (MWs) of electricity to the National Grid. Minister of Power, Works and Housing, Mr. Babatunde Fashola disclosed this in Afam ...

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Fashola opens up on how to unlock potentials of Nigerian housing sector at NSE

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday at the Nigerian Stock Exchange (NSE) gave an insight on how best to unlock the untapped potential of the nation’s housing industry. In a keynote address presented at the opening of the Sub-Saharan Africa Real Estate Investment Trust (REITs), he drew analogy from the performances of former Governor ...

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Can Fashola’s strange advice on direct purchase from Gencos boost or kill Discos?


The recent advice from the Minister of Power, Works and Housing, Mr. Babatunde Fashola, to eligible power consumers to purchase electricity directly from power generation companies has generated serious confusion in the industry. The Minister last week empowered the consumer to buy electricity directly from licensees other than the power distribution companies, a development that the Discos recently opposed, saying ...

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Britain understudying areas to assist Nigeria power sector, visits Fashola

fashola Minister

As part of fresh moves to assist Nigeria survive the intractable power crisis, British High Commissioner to Nigeria, Mr. Paul Arkwright, has assured that the British Government would support power sector reform in Nigeria. Explaining his mission after a working visit to the Minister of Power, Works and Housing, Mr Babatunde Fashola, he said the visit was to identify areas ...

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NERC empowered to punish Discos rejecting supply of power for distribution

Babatunde Fashola

Due to observed non evacuation of generated power from Gencos by Discos, the Federal Government has directed the regulatory, Nigerian Electricity Regulatory Commission (NERC) to henceforth, sanction distribution companies that reject electricity allocated to them by the Transmission Company of Nigeria (TCN). Before the new mandate, TCN had been threatening Discos but cannot do anything at the end of the ...

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