FG To Complete Ongoing, Abandoned Projects - Fashola The Minister of Works and Housing, Mr. Babatunde Fashola SAN, has reiterated Federal Government’s commitment to the completion of all on-going and abandoned projects across the country. Speaking on Thursday when the Management team of Federal Mortgage Bank of Nigeria (FCMB) paid him a courtesy visit in his office, Fashola said the policy direction of the present administration was on completing all on-going and abandoned projects. The Minister, who was responding to the remarks of the Board Chairman of FMBN, Dr. Adewale Adeeyo, on the uncompleted re-capitalization of the Bank, said the Ministry would see that the process was completed as the government of the day placed importance on Housing and Consumers Credit. According to him, ”It is one of those areas of urgent focus by the President as a way of creating prosperity and as a way of enhancing the dignity of Nigerians”. Fashola said there was a lot that could be jointly done by the Ministry and the Bank in the actualization of the Next Level Agenda of Mr. President assuring the Bank of the Ministry’s readiness to look at its projects that are on-going and fashion out ways of completing them. Charging the Bank to do more on publicity as most Nigerians were currently not well informed that the Bank grants construction loans with more competitive interest rate than those offered by commercial banks, Fashola declared, “You must find a strategy to pass information on platforms that people take information from and that include, not only the conventional platforms like television, newspapers and radio, but also markets, places where people gather; sports clubs, social clubs and so on. You must reach out”. “You must also engage the appropriate skill sets in getting this message out”, adding that the bank must also seek to reach the people at the bottom of the pyramid who, according to him, “also save money in their small businesses, in their small cooperatives”. “ So why not open accounts for them too”, he said. Earlier, Dr.Adeeyo, who led the team of the top Management of the Bank on the visit, had solicited for the completion of the re-capitalization process of the bank ...

There’s A Lot Of Work Ahead Of Us, In Spite Of What We’ve Done Before, Says Fashola * As he assumes duty as Minister of Works and Housing * Calls for readiness among staff of the Ministry to work towards achieving Presidential mandate of economic prosperity for all * Expresses joy that staff have continued some of the projects left behind at the expiration of last administration * Suspends all travels, leave of absence to ensure the working out of the budget for the Ministry in the next two weeks The new Minister of Works and Housing, Mr. Babatunde Fashola SAN, has called for readiness among the staff of the Ministry in order to achieve the mandate of the Federal Government for economic growth and development as well as job creation in the country expressing his resolve to provide the needed leadership. Fashola who was the immediate past Minister of Power, Works and Housing, said the need to achieve the mandate was in line with the clear mandate of President Muhammadu Buhari who in his speech, while swearing in the Ministers earlier, had made it clear that he wanted the Ministers to further grow and stabilize the nation’s economy. Addressing the senior management staff of the Ministry at the Conference Room in Mabushi soon after the inauguration at the State House, Fashola expressed joy that the staff had remained faithful to some of the works left behind by his team during the last administration but warned that that there was still work to be done to consolidate on the foundation so far laid. The Minister declared, “I am happy to see that some of the works we left you have remained faithful and that is in the spirit of continuity and development which is what the nation needs”. He added, however, “There is still a lot of work ahead of us in spite of what we have done before and I offer myself ready and willing to do my part by providing leadership and I trust that all of you are ready as well”. “The mandate of Mr. President is very clear and it derives from his mandate to the people of Nigeria. And if you watched the Swearing-in ceremony today and listened to his speech, he wants us to be his eyes and ears and his agents to serve all the people of Nigeria and that is what we must set out to achieve”, Fashola said pointing out that the President was unequivocal on the urgent need to stabilize the economy. According to the Minister, the President was clear about the need to sustain the growth already experienced in the economy, adding, “The economy has grown from recession and out of recession and it has grown for consecutive eight quarters. But we need to double that growth and even multiply it , but that will depend on how we work this time. The central purpose is to create prosperity and to create jobs and I think this is possible”. Fashola, who said the immediate need was to work out a budget for the Ministry in the next two weeks, urged all the agencies and departments of the Ministry to work closely with the Permanent Secretary to achieve the feat adding that the budget remained the article of faith between the government and the governed. He declared, “One of the first things we have to do is to quickly work out the budget for the Ministry of Works and Housing and we have to do that in the next two weeks”, adding that because the budget was the article of faith in governance, all agencies and departments of the Ministry must work together to produce a budget worthy of note by the Ministry. Pointing out that the leadership of the National Assembly has expressed commitment to conduct all the budget defenses in the month of October, Fashola said in order to ensure that this was achieved and all documents were made ready for the defense, all leaves, travels and other less compelling engagements must be put aside for now. He stressed the need for the nation’s professionals to be more committed and dedicated to the service of the country pointing out that the fortunes of every nation was determined by how their professionals engage in national service. He said the central purpose of public service was to create prosperity and deliver better life to the people. Welcoming the new Minister of State, Engineer Aliyu Abubakar, Fashola, who expressed joy that he is reuniting with the new Minister , “in the service of our fatherland” after many years, disclosed that aside working with him at the level of Governors' Forum they also worked together in the formative years of the All Progressives Congress. Describing him as a very strong Party Man, Fashola, who said the speech rendered by the Minister of State was the longest he ever heard him give, added, “What is instructive about it is that he has laid himself bare to those of you who don`t know him. This was plain in all he has said.” The Minister said in terms of professional qualifications, the new Minister of State was bringing a lot of experience that would be beneficial to the Ministry, adding, “I heard a very rousing applause when he said he is a civil engineer and also when he included his water engineering background. And so, of course, he brings a lot of experience that is beneficial to the Ministry.” The inaugural meeting with management staff of the Ministry was attended by the Permanent Secretary Works, Directors, heads of departments and agencies of the Ministry as well as Special Advisers and other top government functionaries. ...

FG Committed To Delivering Effective Power Supply To Nigerians – Osinbajo Vice-President Yemi Osinbajo on Thursday reassured Nigerians that Federal Government was committed to ensuring effective and cost reflective power supply in the country. Osinbanjo gave the assurance during the official inauguration of the Niger Delta Power Holding Company (NDPHC) new 2×60MVA, 132/33KV substation and associated 132KV transmission lines in Abeokuta, Ogun. The News Agency of Nigeria (NAN) reports the vice president inaugurated the 2×60MVA, 132/33KV relief substation for Abeokuta; line bay extension works at Otta, Papalantoro and old Abeokuta 132/33KV substation. According to Osinbajo, this commissioning is an important part of  government effort to improve supply and quality of power to homes and businesses in Nigeria. “In past few years, resolving the power problem has been top priority of government of Nigeria. “Today, we have about 13,427 megawatts installed capacity and available capacity of 8,342 megawatts. “This was achieved through the effort of government and private sector partnership on rehabilitation of turbines in Shiroro Egbin, Delta, Sapele, among others,” he said. He assured Nigerians that before the end of 2019, new generation was expected to be injected into the national grid to boost and increase power supply in the country. Osinbajo said the distribution capacity in the 11 Discos were significantly low, hovering at around 4,000 megawatts on average with a peak at about 5,400MW. He added that despite all the availability of about 8,000MW of generation and 7,000MW of transmission capacity, the lack of Disco infrastructure to absorb and deliver grid power to end-users had  largely restricted generation to an average of about 4,000MW, and sometimes even falling below 4,000MW. “It is evident that despite all efforts that has been put into trying to expand the grid, the structure of the market today cannot deliver on government’s promises to provide power for domestic and industrial use. “A substantial change of strategy is necessary. There is clearly need for a change of strategy. “What we have done in the past has taken us to a point where there is clearly a change of strategy,” he said. The Chief Executive Officer of the NDPHC, Mr Chiedu Ugbo, said he the new 2×60MVA, 132/33KV substation of Abeokuta, when fully come on stream, would provide reliable power off-take via six 33KV distribution feeders to the state capital (Abeokuta) and its environs. He explained further that the 1×60MVA transformer at Otta would  provide additional power supply via three 33KV feeders to Otta and its environs. Besides, Ugbo underscored the importance of the projects and said they would impact positively on power supply to Abeokuta, Otta axis and Papalanto. “NDPHC’s contribution to the tansmission grid system has transformed the hitherto radial 330Kv/132KV grid into a more robust grid system with significant provision of alternative power flow routes which now serve as redundancies and which has resulted in a more reliable and stable Nigeria grid. “Of note in these respects are the commissioning of the over 220KM long 330KV Double Circuit (DC) lines providing alternative supply route into Abuja and the FCT from Geregu. “Through a new Lokoja substation, a new Gwagwalada substation into the existing TCN Katampe and Apo substations with several significant expansion works on existing substation developments along this route,” he said. Agbo said electricity supply to those parts of Ogun along the axis of Otta right up to Abeokuta the state capital were initially via a double circuit 132kV line into Otta, from the mega 330/132/33kV transformer substation at Ikeja west which serves as a marshalling station for several power plant inflows into Lagos. *A 2X40MVA 132/33kV substation was built at this Otta location for supply to Otta and environs. “Out of Otta, a single circuit lower capacity 132kV line was built to connect Abeokuta via an intermediate 132/33kV Substation at Papalanto within the premises of Lafarge Cement Company. “The Abeokuta Substation was also equipped with 2X40MVA 132/33kV Transformers for supplying Abeokuta and its environs. “Over time, all these facilities became overloaded and lacking capacity to cater to growing demands in these locations, necessitating NDPHC intervention. “A schematic overview of the old status and NDPH intervention is attached for visual clarity,” he added. The NDPHC boss said the company constructed a total of 77.5kms high capacity 132kV transmission Lines, thus providing near quadrupling of the supply (wheeling) capacity out of Otta (from 70MW to 250MW) and thereby eliminating supply constraints and attendant load shedding that had existed before at Otta, and Abeokuta. He said that additionally, the NIPP 2X60MVA 132/33kV Substation at New Abeokuta provided reliable 6nos. 33kV distribution feeders to Abeokuta environs, while the added 1X60MVA 132/33kV Transformer at Otta provided additional 3nos. 33kV feeders to Otta environs. The Managing Director, Transmission Company of Nigeria (TCN), Mr Usman Mohammed, said 1.66 billion dollars had been secured from the World Bank and other multilateral financing agencies on network projects. Usman said the financing was raised for the expansion of the national power grid. He said  the Nigeria Electricity Transmission Project, which sought to redress certain deficiencies and operating constraints of the power transmission system, was financed by the World Bank and was worth 486 million dollars. “The project is in three stages; two phases have passed pre-qualification state while the third is still on pre-qualification stage. He said the pre-qualification of the Northern Corridor project being funded by the French Development Agency (Agence Française de Développement) was almost completed. Mohammed said: “The project will cover the closing of loop in-between Sokoto to Kaura Namoda and Katsina. “Environmental Impact Assessment is on-going, verification for compensation for the right of way is also on-going. The project loan is 300 million dollars,” he said. According to him, the Lagos-Ogun transmission project, which is worth $238m, is being financed by Japan International Cooperation Agency. Usman said the project design, EIA studies, technical studies and resettlement action plan had been concluded. He said compensation request had been forwarded to the Bureau of Public Procurement for due diligence which was expected to be concluded in the third quarter of the year. Source: (NAN) ...