Tag: projects

  • Fed Govt’s renewable energy projects: An overview

    President Muhammadu Buhari told the National Assembly that the Federal Government would launch the first African Sovereign Green Bond in December 2017 to finance renewable energy projects.

    The President, while presenting the 2018 Budget proposal, said: “I am pleased to inform this distinguished assembly that the Federal Government will be launching the first African Sovereign Green Bond in December 2017.

    “The bond will be used to finance renewable energy projects. We are very excited about this development, as it will go a long way in solving many of our energy challenges, especially in the hinterland.’’

    As a follow-up, the Debt Management Office (DMO) and the Federal Ministry of Environment, in collaboration with Green Bond Advisory Group, on December 14, organised the Nigeria Green Bond Investors Forum in Abuja and Lagos.

    Stakeholders at the forum include: Pension Funds Administrators (PFAs), the Federal Ministry of Finance, the Inter-ministerial Committee on Climate Change and the Nigerian Stock Exchange (NSE).

    Others are: DMO, Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), the World Bank and Chapel Hill Denham Group as well as representatives of private sector organisations.

    The DMO Director-General, Ms. Patience Oniha, said  the forum was organised to educate prospective investors in the Green Bond programme to know the benefits of investing in green bond projects.

    Ms. Oniha said that the Federal Government would soon issue N10.6 billion green bonds to finance renewable energy projects in efforts to protect the environment.

    The director-general said the Federal Government acted to borrow the N10.6 billion, in line with its borrowing agenda contained in the 2017 budget.

    According to her, more funds will be allocated to finance green bond projects in the subsequent budgets.

    Oniha said that the bonds would be used to finance three renewable energy projects, which were Renewable Energy Micro-Utilities Programme, Re-energising Education Programme and Afforestation Programme.

    Also speaking, Mrs. Halimat Bwari, the Deputy Director, Department of Climate Change, Federal Ministry of the Environment, said that N142 billion was required to finance renewable energy projects in the country.

    She said that the ministry decided to issue the green bonds as an alternative source of funding because of the huge capital outlay which was required to finance the nation’s renewable energy projects.

    According to her, the Green Bond programme would boost the nation’s economy and protect the environment.

    Besides, Mrs. Bwari said that the ministry had inaugurated five low-carbon growth projects.

    She listed the projects as the Rural Energy Access, the Great Green Wall Programme, the National Clean Stoves Scheme, the Clean Energy Transportation Scheme and the Nigerian Erosion and Watershed Management Project.

    Mrs. said that the projects would go a long way to reduce carbon emissions in Nigeria, while facilitating the country’s efforts to meet its commitments in the Paris Agreement on Climate Change.

    As part of efforts to promote renewable projects in the country, the Federal Government has called for public-private sector collaboration in efforts to promote the use of clean cook stoves.

    The Minister of State for the Environment, Ibrahim Jibril, while speaking at the 2017 Nigeria Clean Cooking Forum in Abuja, solicited the partnership to develop domestic market for made-in-Nigeria clean cook stoves.

    The minister, who underscored the need to develop and expand the market, emphasised that the government and the private sector ought to work together in growing the market for made-in-Nigeria clean cook stoves.

    According to him, clean cooking techniques constitute a priority area in efforts to achieve the goals of Nigeria’s Nationally Determined Contributions (NDCs), which aims at reducing carbon emissions in the country.

    “It also aims to reduce the emission of greenhouse gases; clean cooking energy for all is not only possible but a right for our citizens,’’ he said.

    Senate President Bukola Saraki stressed the need to step up activities and actions  aimed at increasing the use of clean energy by households in the country.

    He said that the citizens’ consumption of over 500 million kilogrammes of firewood every day was an enormous strain on the nation’s forest resources.

    Besides, Saraki said that nearly 65,000 people died every year in Nigeria due to household air pollution, while more than four million people died because of household air pollution globally annually.

    According to him, more than 50 per cent of these fatalities are children and women.

    The senate president, who underscored the need to increase the usage of clean cooking stoves by households, said that the stoves would save lives and help to create additional jobs for people in the country.

    A stove manufacturer, Mr Biodun Olaore, who is the Country Director, Envirofit Nigeria, urged the government to create public awareness on the menace of indoor air pollution and deforestation to enable Nigerians to embrace the clean cooking technology.

  • Sugar Council projects 1.58mt for 2018

    Sugar Council projects 1.58mt for 2018

    The National Sugar Development Council (NSDC) has projected 1.58 metric tonnes (mt) for 2018, which is less than the 1.6 mt for this year.

    The Executive Secretary, NSDC, Latif Busari, made this known  during a media chat in Abuja. He stated the 1.58 mt will be shared among operators on the basis of their performance.

    He said: “In 2017 the projection was 1.6million metric tonnes, but in 2018 it has to drop due to the challenges facing sugar production.

    “The drop in metric tonnes was part of the attack on Noma, Adamawa Savannah sugar plantation, which is the only sugar plant in the country in operation presently.

    “The sugar company started production on November 4th 2017, and the attack on Noma happened on December 4th 2017, with the herdsmen destroying all the work that has been done in the three plantations. It is a very serious issue.

    “There will be serious challenge in production if the Noma, Adamawa savannah issue is not resolved on time. About three fields in the savannah are already burnt.”

    Busari said there foregn and local investors in the sugar industry, while productions are going on in mini plants all over the country.

    He, however, said this is not enough to meet demands. According to him, Nigeria presently has six brands of sugar. He therefore,  appealed to Nigerians to patronize made in Nigeria sugar.

  • Lagos: Projects, projects everywhere…and more to come

    Lagos: Projects, projects everywhere…and more to come

    Last week, Governor Akinwunmi Ambode inaugurated various projects across the state. They ranged from roads, hospitals, law court and more. WALE AJETUNMOBI reports that the projects were designed to make life comfortable for residents and enhance the ease of doing business.

    Lagos, the fifth largest economy in Africa, the commercial nerve centre of Nigeria and the economic capital of West Africa, experienced giant leap in provision of critical infrastructure in strategic sectors in two days when Governor Akinwunmi Ambode, on November 8 and 9, unveiled some newly completed projects and policies which were designed to make life comfortable for residents and enhance the ease of doing business.

    The two-days, which were a mixture of inspection of ongoing and unveiling of completed projects, also featured the inauguration of a 45-member Community Relations Committee in Badagry that will work to forestall any incidence of environmental degradation, communal disputes and civil disturbances often associated with oil-producing areas.

    On Wednesday, Governor Ambode inaugurated a new access  road at he premises of the Lagos State University Teaching Hospital (LASUTH), Ikeja that will get rid of difficulties associated with accessing medical care faster during emergencies. The road connects the premises of LASUTH from Mobolaji Bank Anthony Way and Medical Road in Ikeja.

    Governor Ambode also inspected the progress of work on the LASUTH Maternity Hospital popularly known as Ayinke House which began in January last year.

    The 400-metres long road  boasts street light, drainage, median and beautification features.

    Speaking while inaugurating the road, Governor Ambode expressed delight at the completion of the project, saying it was designed to facilitate faster access to medical care, thereby saving lives. He said it was a thing of joy that after about three to four decades, another access road had been created to LASUTH.

    He said: “We are very delighted to be here. We believe strongly that the cornerstone for the growth of the economy of Lagos actually lies in the hands of all because if we don’t have a healthy state, we cannot have a productive economy. That was why we decided to pay greater attention to the health sector.

    “We realised that just one entrance into this whole complex is too dangerous.  We are happy to inaugurate this project.

    “We are also happy that in another five to six months, we will be back here to make the Ayinke House functional. We have received assurances that before May 2018, those ones will be completed also,” he said.

    Governor Ambode then moved to Igando where he inspected the ongoing expansion and upgrade of Alimosho General Hospital. There, the Governor ordered additional projects such as lounge for families of patients and canteen, as well as Ear, Nose and Throat (ENT) Department to be included in the project.

    The Governor also inspected the ongoing construction of theatre art as well as the general hospital in Badagry  town.

    While inaugurating members of the oil exploration community relations committee the following day, Governor Ambode said as much as oil is a major source of revenue in the country, its exploration has created serious environmental challenges affecting health, social and economic activities, sustainable development and ecological balance due to land degradation, air pollution, water pollution, deforestation and ecosystem degradation in the oil-producing communities.

    “These activities, among others, have led to agitations from communities and youth groups leading to disruption of exploration activities, pipeline vandalisation and, in extreme cases, kidnapping and violence,” he said.

    Governor Ambode also said Lagos, being the home of Nigeria’s most critical commercial activities and now an oil-producing state with the discovery of oil in the Badagry area; in the Aje Oil Field, OML 113 being operated by Yinka Folawiyo Petroleum Company, cannot afford to have any community unrests or disruption of peace, hence the need for the committee.

    “It is imperative that our oil companies and their host communities enjoy a very warm and mutually beneficial relationship.

    “Sequel to the aforesaid and the need to create an exploration environment conducive to the oil companies as well as having host communities devoid of rancour to prevent the re-occurrence of the Niger Delta issues in Lagos State, we have constituted a Committee for the Lagos State Oil-Producing Areas Relations, cutting across the oil-producing communities in Badagry,” he  said.

    Besides, Governor Ambode said the committee would also be expected to ensure peace and harmony between host communities and oil companies in Badagry.

    “Our government is committed to creating an environment conducive to all to thrive, especially in our budding oil industry. We will always work to protect our people and ensure their welfare is improved while at the same time providing an investor-friendly environment,” he said.

    While thanking members of the committee for accepting to serve and contribute to the development of Lagos State, the Governor urged them to deploy their wealth of knowledge and experience to ensure co-operation and collaboration between the communities and the oil companies operating in Badagry.

    “This is a tough assignment because it is not easy to mediate and arbitrate. I look forward to receiving the reports of your activities and the progress being made by our communities and oil companies,” he said.

    Speaking while inaugurating Olusola Thomas Court House in Badagry, a new six-room court complex named after a former Chief Judge of the State, Governor Ambode said the development was another strong representation of his commitment to the rule of law and social justice, as well as a testimony of the determination to ensure that distance or geographical location is not a barrier to citizens’ access to justice.

    “The ongoing transformation of Badagry through infrastructural renewal and development are meant to open up this part for investors who will take advantage of the multi-million oil exploration activity and Deep Sea Port Project, among others,” he said.

    Giving details on the features of the new complex, the Governor said: “The court has been equipped with modern facilities for the comfort of not only judges and magistrates but also everyone, including lawyers and members of the public.

    “The court has been designed to ensure the welfare and security of personnel and members of the public who have course to be in the chambers of justice with the installation of close circuit television (CCTV) surveillance cameras and monitors within the various courtrooms and the entire vicinity of this complex.

    “There is a well-equipped library, exhibit and conference room facilities for the continued training and retraining of justice personnel assigned to this complex.”

    Continuing, he said: “We have already concluded the contract that takes the road from Eric Moore to Okokomaiko which is ongoing. So, we are just looking to close the next transaction that takes that 10-lane road from Okokomaiko to Seme Border.”

    To another equally set of projects, Governor Ambode proceeded to Ketu where he inaugurated multiple Layby and Slip Road in Agboyi Ketu Local Council Development Area as part of measures to find a lasting solution to the perennial traffic gridlock along Ikorodu Road.

    The Governor also launched the Intelligence Transport System (ITS), the e-ticketing for commuters using the Bus Rapid Transit (BRT), the Ojota BRT Depot and the new complex for the Lagos Metropolitan Area Transport Authority known as LAMATA Place.

    Speaking while inaugurating the slip road and multiple lay-by in Ketu, Governor Ambode said the project was a significant milestone that will drastically reduce the traffic along the corridor, adding that its completion would, no doubt, impact directly on travel time as the targeted reduction of traffic along the length of the Third Mainland Bridge to the entire stretch of the axis, moving towards Old Toll Gate and the Lagos-Ibadan Expressway would be accomplished.

    “This project is one of the major interventions in recent time by this administration. There is the multiple lay-by at Oworonshoki, the car wash Layby, slip road at Olopomeji, the several see through fence and the recently launched lay-by at Alapere bus stop.

    “Without doubt, this administration has dedicated considerable resources to the fulfilment of its initiatives of providing basic elements of roads and transport infrastructure. This, obviously, is in tandem with the fact that the importance of transportation to our economy cannot be over- emphasised,” he said.

    The Governor said as part of the Bus Reform Initiative (BRI), additional new 800 buses would be provided in the next two months, while a total of 5,000 would be provided within 24 months.

    He, however, urged residents to co-operate with government, especially by not plying commercial motorcycles, popularly known as okada in restricted routes, saying such was why the government was providing enough buses.

    Speaking at Ojota while launching the e-ticketing, ITS, BRT Depot and LAMATA Place, Governor Ambode said the move was another initiative geared to allow proper transport planning, saying that the technology had been designed to indicate where each bus is; how the driver is behaving; the arrival time of a bus and space inside, among others.

    Giving details, the Governor said: “This is a four-in-one package. When you look at the city generally, I get so unhappy when I see people standing at the bus stops not knowing when the next bus will arrive. The ITS is designed to solve such problem and our people can become more productive and then more comfortable in the way they commute across the city.

    “There are more Lagosians using buses; there are more Lagosians walking on the road than those of us that have cars. So, we need to take proper care of them and that is the step we are taking here and the reforms we are doing in the transport sector ultimately to create an integrated transport management system in the city combining water, road, rail, air and those walking.”

    However, the projects did not go down without commendation from critical stakeholders who viewed them as demonstrable evidence of determination to make life easier and comfortable to the people by the Ambode administration.

    Responding on behalf of the community, Oba of Ketu, HRM Isiaka Balogun commended Governor Ambode for the massive infrastructural projects carried out in the axis so far, saying they were unprecedented.

    Also, in her remarks at the launch of new courtrooms in Badagry, Lagos State Chief Judge, Justice Opeyemi Oke commended Governor Ambode for his commitment to deliver prompt and efficient justice system.

    While lauding the new court house, the CJ said it was also gratifying that the governor was in the process of building official quarters for judges and magistrates in Ikorodu, Epe and Badagry judicial divisions, as well as plans to establish commercial court house.

    The Chief Medical Director of LASUTH, Prof. Adewale Oke, at inauguration of the new access, commended Governor Ambode for his commitment to the health sector, saying several projects had been executed in the institution.

    “This is a dream come true. For many years, we have had problem with movement of patients into the hospital. Sometimes, they are in the ambulance for 15 or 20 minutes before they can get in but this road has solved that problem.

    “It is going to save our patients; it’s going to make access to the hospital very easy even for the workers,” Oke said.

    Also speaking, Prof. Babatunde Sholagbero, Provost of Lagos State University College of Medicine (LASUCOM), said the completion of the road was evidence of promise made and promise kept.

    He thanked Governor Ambode for facilitating the accreditation of Dentistry for the institution, thereby making Lagos State University (LASU) the only state university in Nigeria that offer Bachelor of Dentistry degree.

    “By the World Health Organisation (WHO) statistics, the accepted dentist to patient population in United States is 1 to 2,000, but for Africa it is 1 to 150,000. So, for every dentist we produce, we will now have 150,000 Lagosians being catered for,” Solagbero said.

    On his part, President of Lagos State University Medical Students’ Association, Bada Akintayo Akinbobola commended Governor Ambode for his determination to scale up the health sector, saying LASUCOM is now regarded as the Harvard of Africa judging by the massive investment in the institution by the state government.

    But the projects inaugurated by Governor Ambode were just a few out of the lot. Several others ranging from Primary Health care Centres (PHCs), blocks of classrooms and schools infrastructure as well as fibre boats to aid water transportation sector were also unveiled by representatives of the Governor across the state.

     

  • Osinbajo to inaugurate projects in Kwara

    Osinbajo to inaugurate projects in Kwara

    The Kwara State government says all is set to receive Vice President Yemi Osinbajo on a one-day visit today.

    Secretary to the State Government Isiaka Gold said Osinbajo would inaugurate the International Vocational, Training and Entrepreneurship College (IVTEC) in Ajase-Ipo, Irepodun Local Government Area and three others before leaving.

    The Vice President will launch the Government Enterprise and Empowerment Programme (GEEP) MarketMoni, designed to serve as a one-stop shop for Micro, Small and Medium Enterprises (MSMEs).

    Two hundered MSMEs will benefit from the programme, which is in partnership with the Bank of Industry (BoI).

  • NDDC ‘ll focus on big projects, says Ekere

    NDDC ‘ll focus on big projects, says Ekere

    Managing Director of the Niger Delta Development Commission (NDDC) Nsima Ekere has said the Commission will pay more attention to big ticket projects to boost regional integration and development.

    Ekere, who spoke during a Good Morning Nigeria, a Programme on NTA International assured that NDDC would continue to focus on massive regional projects that would positively impact the Niger Delta region.

    He explained that NDDC had identified some of the key projects to be executed in collaboration with state governments. One of such projects, he said was the Omadino-Okerenkoko-Escravos Road, meant to link the Maritime University at Okerenkoko and other coastal communities in the State.

    In a similar vein, he said: “We have signed a pact with the Ondo State Government for the construction of the 50-kilometre Akodo-Araromi/Ibeju-Lekki road. This strategic road will reduce the journey to Lagos from Ondo by forty- five minutes.”

    To strengthen collaboration with state governments, Ekere said that NDDC had revived the Partners for Sustainable Development, PSD, Forum, to serve as a clearing house for projects. He added that the Commission had set up budget committees in the states. “This is the first time this is happening in NDDC,” he observed.

    The NDDC Chief Executive Officer said that over the years, the Commission had done a lot in the area of infrastructural development.  He said that this was not enough because, according to him, “we also want to build human capital. We have signed collaboration agreements that will help us to achieve this.”

    Ekere stated that the Commission recently entered into a partnership with the Nigerian Export-Import Bank, NEXIM, to set up a N5 billion development fund, where both parties would contribute N2.5 billion each. “This we will use to accelerate SMEs and Agricultural development in the region,” he said.

    “The partnership with NEXIM Bank is meant to develop the agricultural sector by boosting the entire value chain from training to planting, processing and provision of funds for setting up agricultural enterprises. We want to create an export initiative in the agricultural sector to create jobs and help the nation’s economy.”

    Ekere said that the NDDC was also partnering with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN to help provide employment for the youths, stating: “We want to turn the youths to entrepreneurs. That is the way we can reduce unemployment.”

     

  • Prestige Assurance projects N9b forecast for GPI by 2021

    Prestige Assurance Plc plans to boost its gross premium income by N9 billion in 2021, its Managing Director, Dr. Balla Swamy,  has said.

    He made this known at the presentation of the company’s ‘Fact behind the Figure’ on the floor of the Nigerian Stock  Exchange (NSE).

    The company’s gross premium income, he said, is expected to grow from N3.4 billion in 2017, N5.2billion in 2018; N6.6 billion in 2019; N7.5billion in 2020 and N9billion at the end of 2021.

    Swamy stressed that despite the harsh economic conditions faced with acute shortage of forex its firm still tried to record significant profit when compared with 2016 to 2015 and which is on the increase in 2017.

    He said:“The net premium of the company is projected to grow from 45 per cent in 2017 to 60 per cent by the end of 2021, while profit before tax will grow from N877million in 2017 to N3.078 billion by the end of 2021.

    “Profit after tax was also forecast to grow from N567million in 2017 to N2.093billion by the end of 2021.”

    On risk retention, he said the company’s risk retention stands at 42 per cent as at third quarter, ended in September 2017 (Q3) when compared to 43 per cent it reported in same period of 2016.

    He maintained that the company was technically viable to spread its assumption  risks with reinsurer, which guarantee its continuous existence.

    He called on the Federal Government to facilitate ease of doing business, at least, by amending the companies income Tax Act in relation to computation of insurance taxation, easy entry of foreign investment and provision of suitable environment, which guarantees return on investment (ROI).

    He explained that the company as at third quarter 2017 current ratio stands at 1.8 as against 1.9 reported in 2016, affirming that Prestige Assurance can confidently pay its liabilities without having recourse to borrow or disposal of assets. This, he said, is evidence in timely payment of claims.

  • ‘Deepwater projects contribute $90b revenue’

    • Total’s Egina FPSO begins journey to Lagos

    Deepwater projects in Nigeria’s oil and gas industry have contributed about $90 billion revenue to the Federal Government as at end of 2016, Managing Director, Total Exploration and Production Nigeria Limited, Nicholas Terraz, has said.

    Terraz said this while discussing the success story of the Egina project at the 55th Business Anniversary event of the Oil Producers Trade Section (OPTS), an arm of the Lagos Chamber of Commerce and Industry (LCCI) in Lagos. Egina project, which currently is Nigeria’s deepest offshore oil field, is being operated by Total and expected to begin production in 2018.

    Terraz said the deepwater projects include Agip’s Abo; Shell’s Bonga; ExxonMobil’s Erha; Chevron’s Agbami, and Total’s Akpo and Usan offshore fields, pointing out  that about $60 billion investments have gone into these assets.

    The Total chief said 560,000 man hours of human capacity development and training have been achieved across Egina contracts, while 60,000 tonnes of equipment was fabricated in Nigeria.

    Over 10 Nigerian companies, including Ladol; Nigerdock; Dormanlong; EWT and Aveon, among others, carried out different contracts, especially for the floating production, storage and offloading (FPSO) vessel.

    The project has created 24 million direct man-hours in Nigeria, which constitutes 77 per cent of total workload performed on Egina project. The percentage is a remarkable increase from other man-hours carried out on other oil fields development operated by Total. For example, the total man-hour percentage on Akpo field project, whose development began in 2005, was 44 per cent and that of Usan project of 2008 was 60 per cent.

    Also the Egina FPSO vessel has left Geoje in South Korea to Nigeria. It sailed off the Samsung fabrication yard on  October 31. Although the vessel started its long journey to Nigeria after several months behind the original scheduled date, it is exciting news to stakeholders in Nigeria’s oil and gas industry.

    It is expected that the journey will take 90 days to arrive at the yard of the Lagos Deep Offshore Logistics (LADOL) in Lagos, which may be January or early February 2018.

    At LADOL facility, the six modules constructed by TechnipFMC, which are presently at the LADOL yard, will together with some other modules coming from Korea, be integrated into the FPSO at LADOL yard, a process that will take about six months to complete. That is the key local content part of the FPSO integration.

    The FPSO will then leave LADOL yard in Lagos to Egina location, off southeastern Nigeria, where the risers, offloading Buoy and other subsea cables will then be hooked up to the FPSO before Egina first oil in November 2018 will be achieved.

    Egina field is a deepwater acreage located in oil mining lease (OML) 130. It will commence production in 2018, and it will, at peak production, be giving an output of 200,000 barrels per day of crude oil.

    The Egina oil field is located in 150km off the coast of Nigeria. The field is being developed by Total Upstream Nigeria (24 per cent) in partnership with CNOOC (45 per cent), Sapetro (15 pre cent) and Petrobras (16 per cent).

  • Burden of abandoned projects

    In just eight states in Nigeria, over N150 billion worth of projects have been left to rot away, reports Associate Editor, Sam Egburonu; Yusufu Aminu Idegu, Jos; Justina Asishana, Minna; Sunny Nwankwo, Aba; Ernest Nwokolo, Abeokuta; Rosemary Nwisi, Port Harcourt; Mike Odiegwu, Yenagoa and Damisi Ojo, Akure and Bassey Anthony, Uyo

    Once celebrated as great dividends of democracy and transmitters of a new dawn, they have become the shame of Nigeria; multi-trillion naira concrete carcasses littered across the country: From Maiduguri to Abeokuta; from Sokoto to Port-Harcourt; from Minna to Yenagoa and from Kano to Aba. The Nation investigation in just eight states revealed that projects worth over N150 billion have been abandoned to rot away.

    So far, no one seems certain how the country will eventually resolve the burden of abandoned projects in most of the states as some state governments, which described the facilities as ‘white elephant projects,” give reasons why they cannot continue to develop the projects embarked upon by governments before them. This is notwithstanding the fact that most of the projects in question are financed through loans still being serviced or repaid by the current governments while the projects continue to lie fallow.

    When our correspondents visited some of the abandoned projects in the selected eight states, citizen, who spoke to them, expressed consternation against state governments for abandoning what they said would have been key projects after injecting billions of tax payers’ hard earned resources. “It’s disheartening that our governors are playing dirty politics with the provision of physical infrastructure. As it stands today, there is hardly any state without abandoned projects and all the governors would do is to lay blames on previous governments that initiated the projects, poor economic realities of today or on the unlucky contractors. At the end of the politicking, the nation bleeds,” complains Solomon Ukandu, a civil engineer in Aba, Abia State.

    Ukandu is not alone. Just last month, the People’s Democratic Party (PDP) called on the federal and state governments to reconsider their alleged stands to discontinue some projects embarked upon by their predecessors.

    The call was made through the party’s Publicity Secretary, Prince Adedayo Adeyeye, a former Minister of State for Works, who said at a Town Hall of London Borough of Hackney, United Kingdom, that Nigeria would have made more progress “if the completion of abandoned projects were made a focal point by successive governments across all the tiers of government.”

    He made references to a report of an investigation conducted by a group of researchers during the tenure of former President Goodluck Jonathan, which, according to him, estimated the worth of the country’s abandoned projects to be over N17 trillion. Adeyeye described this as a “wasteful and unfair squandering of our resources.”

    While most Nigerians seem to agree that the economic and social cost of abandonment of half completed projects has been huge, there has been disagreement on the actual cause of the act. Such reasons range from petty political reasons, to technical faults.

    Francis Omonigho, a town planner, told The Nation in Lagos on Wednesday that most of the projects that have been abandoned in the states were well conceived but were only abandoned on political considerations. “I want to inform you that most of the state government projects that are abandoned by subsequent governments have no technical problems. They were carefully conceived, but because of cheap political considerations, new state governments decide to abandon them. Or how else would you describe a situation where a multi-billion naira project, financed through international loan and executed half way, would be abandoned on flimsy excuses. It is a shame,” Omonigho said.

    But as far back as December 2016, Dr. Abbas Tajuddeen, a member representing Zaria Federal Constituency in the House of Representatives, who sponsored a bill for the amendment of the Public Procurement Act, blamed contractors for abandonment of most of the projects. According to him, “We believe that by coming-up with an additional legislation to provide for additional fines and damages against contractors, issues of contracts abandonment will become history in Nigeria.”

    In an attempt to uncover the actual reasons for abandoning such projects and their real worth, The Nation examines the lot of some identified major projects abandoned in about seven states.

  • TCN, Japan to build new power projects

    TCN, Japan to build new power projects

    •’Transmission not weakest link in power supply chain’

    The Transmission Company of Nigeria (TCN) is collaborating with the Japanese Government to build transmission facilities in the country, The Nation has learnt.

    The Japanese Government is specifically targeting Lagos for such investment.

    TCN’s Acting Managing Director/Chief Executive, Usman Gur Mohammed, told The Nation in Lagos that the firm wants to double the transmission capacity and would be doing that from one part of the country to the other.

    Muhammed said the TCN would put significant transmission capacity between Lagos and Ogun states and was collaborating with these states governments to actualise that.

    According to him, the transmission firm wants to double the transmission capacity or put additional 50 per cent of the existing capacity.

    He noted that the Japanese Government was looking at building new and rehabilitating dysfunctional substations in Lagos.

    The TCN chief said: “The TCN is doing a lot in recent times, especially under this government because of the kind of support that we are getting. Recently, we did advert on transmission capacity in Lagos.

    “In every substation in Lagos, we are putting almost half of the capacity that is there. We are doubling the capacity.

    “We are working in collaboration with some other multilateral donors, such as the Japanese government to build some of the substations. For example, Apapa has been taken over by the Japanese government. They are looking at Ojo and Isolo. Those two places will be rehabilitated by the Japanese Government.

    “Generally, Lagos State is very important to TCN and it is working hard to ensure it puts enough transmission capacity there to be able to meet the needs of the electricity distribution companies in Lagos.”

    On the claims that transmission is the weakest link in the power supply value chain, Mohammed said this was  not true as transmission is ahead of generation and distribution links of the chain.

    He said: “Whoever says TCN is the weakest link in the power supply value chain is ignorant of the sector. Transmission is not the weakest link in the chain. Our capacity is higher than all the other arms of the industry. We also have plans to expand the capacity of the transmission more than any other arm of the sector. So, we are always ahead of them and will continue to be ahead of them.”

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola, confirmed what Mohammed said. Fashola said the TCN has capacity to wheel over 6,000 megawatts (Mw) of power.

    “Today, we have more power available to go on the grid over 6000Mw because generation and transmission have improved. The capacities are above what the distribution companies (DisCos) can carry. So, they have to play catch up,” the Minister added.

  • Ugwuanyi promises more projects as rainy season recedes

    Ugwuanyi promises more projects as rainy season recedes

    Enugu State Governor Ifeanyi Ugwuanyi has pledged to increase the provision of essential infrastructure “now that the rain is fast receding”.

    The governor said more contractors would return to old sites while work would begin on new ones.

    Ugwuanyi spoke at the holy mass/march past at the Michael Okpara Square in Enugu for Nigeria’s 57th Independence Day anniversary celebration.

    The ceremony, which was marked with funfair, was attended by Deputy Senate President Ike Ekweremadu and other members of the National Assembly from the state.

    Others included Deputy Governor Mrs. Cecilia Ezeilo, Enugu State House of Assembly Speaker Edward Ubosi and other members of the Assembly, members of the Judiciary, led by the Chief Judge, Justice Priscilla Emehelu, heads of security agencies, past governors, religious leaders and all the bishops in the state.

    Ugwuanyi reiterated his administration’s commitment to peace, national unity and safety of Nigerians and foreigners residing in the state.

    The governor congratulated President Muhammadu Buhari, fellow governors, members of the National and state assemblies, the Judiciary, past Presidents and former Heads of State as well as all Nigerians “on this great accomplishment of 57 years of nationhood”.

    He paid glowing tributes to Nigeria’s founding fathers for their “enormous sacrifices and unassailable patriotism”.

    These, he said, were instrumental to the freedom the nation still enjoyed till date.

    Ugwuanyi recalled that the labour of the nation’s leaders, like “Herbert Macaulay, Dr. Nnamdi Azikiwe, Sir Ahmadu Bello, Chief Obafemi Awolowo, Alhaji Abubakar Tafawa Balewa, and a host of others, who nurtured the dream of a free Nigeria to fruition”.

    The governor also expressed appreciation to the residents “for continually upholding the ideals of our fathers, especially the ideal of one nation bound in freedom, peace and unity”.

    He said: “Let me also seize this opportunity to enjoin all Nigerians to continue to be their brother’s keeper. Like every family, we are bound to have our disagreements, but what divides us is far less than what unites us. Let us continue to emphasise those things that unite and make us great and eschew those that divide us.

    “Let peace, equity and justice reign in the heart of every citizen and government at all levels. Every Nigerian deserves justice, irrespective of his or her ethnic, political and religious background. Do justice to your brother and sister. Do justice to your neighbour. Do justice to the stranger and it shall be well with us.

    “As a people renowned for their peaceful and hospitable nature, we remain committed to the peace and safety of all Nigerians and foreigners alike residing in the state. We assure and indeed reassure you of your safety.”