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Rural Electrification Agency
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.
He said all that was required would have been “a simple letter” requesting his ministry or the agency to clarify issues that agitated lawmakers about the projects.
The Federal Government said it will present to electricity Distribution Companies (DisCos) with investments work plan to build 33/11/0.415kV lines and distribution substations to utilise the 2,000 megawatts (MW) generated but currently unutilised.
According to the government in a note the REA which manages the EEP, the government has divided its implementation of the EEP into two phases, of which the first phase would be implemented in nine universities and one teaching hospital.
The project, is part of the Energizing Education Programme (EEP) of the Federal Government aimed at rejuvenating the nation’s education system by providing uninterrupted power supply to the institutions, the ministry said.
The Senate Committee on Power, Steel Development and Metallurgy, yesterday demanded explanation on the solar power projects for nine universities estimated to gulp a whopping sum of N10 billion.
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