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Rural Electrification Agency
The federal government has said about 500,000 people without electricity in Nigeria would be able to have access to power in no distant time as it plans to spend about $200 million on providing electricity for about 105,000 households.
President Muhammadu Buhari Tuesday commissioned a 9.5 megawatts (MW) capacity off grid gas-fuelled power system built by a private consortium under the Energising Economies Initiative (EEI) of the Rural Electrification Agency (REA) to supply electricity to up to 47,000 shops and small businesses operating at the Ariaria International Market in Aba, Abia State.
The Minister of Power, Works and Housing, Mr Babatunde Fashola, has reaffirmed the Federal Government’s commitment to continually intervene in the power sector.
The federal government has accused electricity distribution companies (Discos) and the Transmission Company of Nigeria (TCN) of using substandard equipment to execute power projects.
Vice Chancellor of Obafemi Awolowo University (OAU), Ile-ife, Professor Eyitope Ogunbodede, yesterday revealed that the institution is set for the take-off of a pilot project worth three billion naira (N3b) involving the federal government through the Ministry of Agriculture as well as the Central Bank of Nigeria.
The African Development Bank (AfDB) Group Monday said it provided $150 million for the project. The balance of $50 million was issued from the Africa Growing Together Fund (AGTF) – a $2 billion facility sponsored by the People’s Bank of China.
The Rural Electrification Agency says the 1.5 megawatts Independent Power Project (IPP) built for regular power supply to Sura Shopping Complex, Lagos and its environs is ready.
Director, Field Operations, 2015 All Progressive Congress (APC) Presidential Campaign, Chief Ikechi Emenike, Sunday, said the party has list of names of looters of Abia State treasury and the amounts involed.
President Muhammadu Buhari has secured a $2 billion loan to establish cotton plantation and textile factories in Abia, Kano and Lagos states.
Traditional rulers from Abia State have praised President Muhammadu Buhari over infrastructural development by his administration in the South-east region.
President Muhammadu Buhari says the new investment commitments coming into Nigeria’s textile sector, of which Aba is a major beneficiary, will be actualized within the shortest possible time.
Sanusi Ohiare, executive director of rural electrification fund, Rural Electrification Agency (REA), says an estimated N5trn is expended yearly on importing, fuelling and maintaining generators by businesses in the country.
The Association of Nigerian Electricity Distributors has accused the Minister of Power, Works and Housing of spending $5.6 million to generate 1 megawatt of electricity instead of $1.5 million proposed by power developers from the private sector.
The Minister of Power, Works and Housing, Babatunde Fashola, says the Federal Government will provide electricity for over 39,000 shops in Ariaria International Markets Aba in Abia before the end of the year.
Vice President Yemi Osinbajo, SAN, has said that ‘despite the sectoral challenges, the Buhari administration will complete major projects that will improve the power sector in the country and also implement a plan that will provide solar energy in a number of universities in the country.
The Rural Electrification Agency (REA), on Wednesday, announced that it would develop 10,000 electricity mini grids to support electrification of rural communities in the country.
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