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Tag Archives: Power

AfDB okays $25m equity investment for renewable energy projects

AfDB

The Board of Directors of the African Development Bank (AfDB) Group has approved an equity investment of up to $25m in ARCH Africa Renewable Power Fund, a $250m private equity fund for renewable energy projects in Nigeria and across Sub-Saharan Africa. A statement made available to our correspondent in Abuja on Tuesday by AfDB said that ARPF would provide equity ...

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Buhari shows-off roads, power, housing projects in S-East as campaign tools

housing

The Minister for Works, Power and Housing, Mr. Babatunde Fashola, last weekend inspected Federal Government’s on-going projects in the South-East geopolitical zone, starting from Abia, Imo, Enugu, Ebonyi to Anambra states. Arriving at the Enugu border with Abia State, after his departure from Imo State, the Minister rode through one flank of the Enugu-Port Harcourt Expressway, stopping at the CGC ...

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Gombe motorists decry slow pace of road reconstruction

motorists

Motorists plying  Numan-Gombe Federal road have expressed concern over the slow pace of the on-going reconstruction of the road particularly from Numan-Lafiya Lamurde in Adamawa state to Cham town in Gombe state. One of the motorists, Amos Aboki, a commercial bus driver, lamented that the construction firm handling the road, “lacks the capacity, manpower and construction machines to reconstruct the ...

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Babatunde Raji Fashola confirms Buhari’s administration is slow

Babatunde Raji Fashol confirm Buhari's administration is slow

Babatunde Raji Fashola, the minister of Power, works and Housing Development has on Monday said that president Muhammadu Buhari administration is slowly but it surely delivered his promises to the Nigerians. Fashola stated this when declared open a one-day stakeholders’ meeting on power sector in Lafia the state capital. According to the Minister, “What brings us here today is to ...

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Possibility of a total blackout as National Grid collapses

national grid collapses: possible total blackout

The Federal Ministry of power, Works and Housing has confirmed that the nation’s power National Grid has collapsed. In a statement issued around 12:44am on Wednesday, the ministry said a fire incident at the Escravos Lagos Pipeline System near Okada, Edo State, on Tuesday caused the national transmission grid to trip off. “It is regrettable that after a sustained period ...

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An Overview of the Building and Construction Sector in Nigeria

building and construction industry in Nigeria

The Building and Construction sector is very crucial in any nation’s social and economic development. There are many factors responsible for this. This article gives an overview of the building and construction sector in Nigeria. Apart from the Building and Construction sector’s potential with respect to employment generation, the various activities undertaken in the sector are very germane to fostering ...

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Why Nigerians must pay high electricity tariffs – Yemi Osinbajo

yemi osinbajo on electricity tariffs

Vice President Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. Mr. Osinbajo said this while speaking at the Sixth Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja. A statement signed by Laolu Akande, the vice president’s media aide, quoted Mr. Osinbajo as saying that the government ...

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Fashola inaugurates electrical transformers in Lagos

electrical transformers in Lagos

“Mr. Babatunde Fashola, the Minister of Works, Power and Housing, on Monday, inaugurated electrical transformers in Lagos; one 15 MVA transformer, 20 operational transformers and 20 vehicles at Eko Electricity Distribution Company (Eko Disco) worth billions of naira.”- PM News Fashola inaugurated the projects shortly after the 19th Power Sector Stakeholders forum in Akangba Training School in Surulere, Lagos. The ...

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Nigeria’s first ever “solar powered” estate in Abuja

"It is time builders in the country start to think outside the box to meet the housing needs of Nigerians", Iwuayanwu told the News Agency of Nigeria (NAN)

Sungold, a foremost Estate builder is determined with the good environment created by the current administration of President Muhammadu Buhari to build affordable houses in every part of Nigeria. “It is time builders in the country start to think outside the box to meet the housing needs of Nigerians”, Iwuayanwu, CEO of Sungold told the News Agency of Nigeria (NAN) ...

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