• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Centre Commends CBN, Cardoso for Tackling Inflation, Boosting Reserves

      Nigeria Customs Deploys New Hands to Tackle Fuel Subsidy

      NIPSS Directing Staff behind the Queries Barrister Nima Salman Mann and Rear Admiral A.A. Mustapha

      SHOCKING: NIPSS Suspends Participant Over Articles Backing Digital, Blue Economy Reforms…

      Customs’ Operation Whirlwind Crushes Smuggling Ring, Sells Seized Fuel at Subsidised…

      Comptroller General Nigerian Customs Bashir Adewale

      How Nigeria Customs Facilitated N136.7trn Exports in 2024 – CGC Adeniyi

  • National
    • Comrade Alhassan Yahaya President NUJ

      NUJ President Celebrates 70 Years of Journalism, Calls for Responsible Reporting…

      Hon. Rukayat Shittu

      Leadership must mean Something – Hon Rukayat Shittu

      Nigerian Military Troops

      Troops Arrest Suspected Bandit Impersonating Soldier, Recover Arms in Kaduna, Plateau

      CCC LOGO

      CCC Demands Swift Government Action to Halt Benue Violence

      Youth Corpers at the VON event in Abuja

      Fencing Nigeria’s Borders: A Strategic Imperative for National Security By Umar…

    • Government
      • Comrade Alhassan Yahaya President NUJ

        NUJ President Celebrates 70 Years of Journalism, Calls for Responsible Reporting…

        Hon. Rukayat Shittu

        Leadership must mean Something – Hon Rukayat Shittu

        Israel-Iran Tensions and Nigeria’s Economic Firewall By Umar Farouk Bala

        Bosun Tijani Elected Vice Chair of ITU Council

        Benue State

        Over 6,000 displaced in renewed Benue attacks, says NEMA

  • Security
    • Rear Admiral Ayo Olugbode,

      Nigerian Hydrography Agency Unveils $10m Revenue Potential from Electronic Charts

      Nigerian Military Troops

      Troops Arrest Suspected Bandit Impersonating Soldier, Recover Arms in Kaduna, Plateau

      President Bola Ahmed Tinubu

      Tinubu, Benue and When Empathy Comes After the Funeral

      CCC LOGO

      CCC Demands Swift Government Action to Halt Benue Violence

      Youth Corpers at the VON event in Abuja

      Fencing Nigeria’s Borders: A Strategic Imperative for National Security By Umar…

  • Features
    • Israel-Iran Tensions and Nigeria’s Economic Firewall By Umar Farouk Bala

      President Bola Ahmed Tinubu

      Tinubu, Benue and When Empathy Comes After the Funeral

      Youth Corpers at the VON event in Abuja

      Fencing Nigeria’s Borders: A Strategic Imperative for National Security By Umar…

      Opinion

      The Fathers We Forgot to Thank

      Beyond Bigotry: Unpacking the Iran-Israel Narrative By Yassim Dukawuya

  • State
    • Hon. Rukayat Shittu

      Leadership must mean Something – Hon Rukayat Shittu

      Nigerian Military Troops

      Troops Arrest Suspected Bandit Impersonating Soldier, Recover Arms in Kaduna, Plateau

      CCC LOGO

      CCC Demands Swift Government Action to Halt Benue Violence

      Benue State

      Over 6,000 displaced in renewed Benue attacks, says NEMA

      President Bola Ahmed Tinubu and Vice President Kashim Shettima

      2027: Inside Tinubu’s “Maradonic” Plot to Drop Shettima as VP By…

  • Event
    • Olusegun Adeniyi: Why there’d be no public presentation of ‘The Ghost…

      Awards trophies won at 2025 SABRE awards

      Nigeria Shines at SABRE Awards 2025 with Groundbreaking Wins Across Multiple…

      APRA 26th Annual Conference: Customs Calls for Data-Driven PR, as Nigeria…

      MAPOLY Alumni Association

      MAPALUM Commemorates June 12, Honouring Chief MKO Abiola

      The crashed Air India airplane

      Tragedy as Air India Flight with 242 Aboard Crashes Minutes After…

    • PR Nigeria Award
  • E-Paper
Home Economy Enormous Business opportunities available in Nation’s Fledging Electricity Market-Says Fashola
  • Economy

Enormous Business opportunities available in Nation’s Fledging Electricity Market-Says Fashola

By
Timothy Oyedeji
-
July 1, 2016
Fashola
Works Minister Fashola

—Government is poise to tackling energy accessibility

Babatunde-Fashola-001The Minister of Power, Works and Housing, Babatunde Raji Fashola, SAN has said that the sector which is still in transition, has good opportunities for sound business judgement at various segments in electricity value chain, adding that the present administration is also determined to tackle local content initiative being canvassed for by Nigerians as it has began to work with Distribution  Companies (DISCOs) on a number of programmes and strategies in the actualization of the dream.

Speaking in Abuja at a public lecture under the auspices of the Kukah Centre’s ‘’fixing Nigeria initiative’’, Fashola said that through planned efforts , his team is poise to tackle Electricity supply challenge through its 3- phased approach, as contained in his Road-Map. Namely achieving incremental power which the option of deployment of robust Rural Electrification plan has been incorporated.

Others are the pursuance of other energy sources to reduce over-dependence on gas and the prompt completion of all on-going projects under the National Integrated power (NIPP).

The second phase of his initiative is steady power; this is an aggressive strategy to increase the nation’s abysmally low per capital consumption ratio, which is the average consumption of energy available per person.

Then, the third phase will lead to uninterrupted power, in which the government is working out a number of incentives with various energy investors and power providers to build plants that would provide power quickly.

Read Also:

  • NUJ President Celebrates 70 Years of Journalism, Calls for Responsible Reporting Amid National Challenges
  • Leadership must mean Something – Hon Rukayat Shittu
  • Nigerian Hydrography Agency Unveils $10m Revenue Potential from Electronic Charts

Fashola spoke on the plan to meet President Muhammadu Buhari’s  target of being able to produce 7,000MW by 2017 and 10,000MW by 2018, else he risk being sanctioned on  his job.

However, he was quick to add that the target seems tough but will be achieved with quick win initiative in the entire electricity value-chain, just as he observed that his concern is not about the quantum of electricity that can be generated but how many Nigerians have access to electricity as there is positive correlation between access to steady power per person and energy consumption per capital Income Index in the determination of  electricity to individual household, poverty alleviation and wealth of nations. There is also the issue of cost and the persistent vandalism of pipelines in the Niger-Delta region.

On Gas to Power, Fashola said that there are plans to increase gas storage in both the east and the west flanks of the pipeline system and elimination of vandalism, while agreeing with people to the ‘’right to ventilate their anger, he insisted that by so doing they are  not to destroy power infrastructure as collectively we all must know that. He stressed that while doing that, they should know that our economic well-being is tied to the Pipelines.

On the call for review of procurement law as the present form will hinder progress on building power plants, the minister said from experience at the centre there is need to review our procurement law for greater efficiency, loss of money and inadequate budgetary provisions are presently the bane of most projects and also we engage in many projects at the same time, resulting in unacceptable large number of abandoned projects nation-wide.

Speaking at the event the initiator of the platform, Bishop of Sokoto Diocese, Rev., Father Hassan Kukah said that he conceived the project as a modest contribution to redressing the challenge of absence of citizen’s engagement in the nation’s political landscape, which the centre believes would have dramatic impact in participatory buy-in, and important ingredient of public policy success in Nigeria.

 

Timothy Oyedeji

Director (Press)

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Babatunde Raji Fashola
  • Minister of Power
  • President Muhammadu Buhari
  • SAN
  • Works and Housing
Previous articleImplementation Of Youth Empowerment Programme In The North East
Next articleSaraki-Ekweremadu Case: Judge Lambasts AGF, IGP over Abuse of Court Process
Timothy Oyedeji
Timothy Oyedeji
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Centre Commends CBN, Cardoso for Tackling Inflation, Boosting Reserves

Nigeria Customs Deploys New Hands to Tackle Fuel Subsidy

NIPSS Directing Staff behind the Queries Barrister Nima Salman Mann and Rear Admiral A.A. Mustapha

SHOCKING: NIPSS Suspends Participant Over Articles Backing Digital, Blue Economy Reforms Despite ₦18m Fee

Customs’ Operation Whirlwind Crushes Smuggling Ring, Sells Seized Fuel at Subsidised Rate

Comptroller General Nigerian Customs Bashir Adewale

How Nigeria Customs Facilitated N136.7trn Exports in 2024 – CGC Adeniyi

Customs Seize Stolen Luxury Cars, N3.2bn Contraband at Apapa Port

Mr. Peter Dama, National Chairman CARF-FSD Nigeria and Musbahu Lawan DIDI, Managing Director, DD Rice

Rice Industry in Crisis: Stakeholders Urge FG to Act

FG Partners Engausa Global Tech Hub to Boost Digital Inclusion in Underserved Communities

Bashir Adewale Adeniyi Customs Boss

Nigeria Customs Pledges Support for Renewable Energy Trade

Bashir Adewale Adeniyi MFR

How Technology Has Transformed Customs Operations – CGC Adeniyi

US President Donald Trump and China president Xi Jinping

US, China Agree to Slash Tariffs for 90 Days to Ease Trade War Tensions

Comptroller General Nigerian Customs Bashir Adewale

Customs Backs ‘Nigeria First’ Policy to Boost Trade, Secure Borders

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • NUJ President Celebrates 70 Years of Journalism, Calls for Responsible Reporting Amid National Challenges
  • Leadership must mean Something – Hon Rukayat Shittu
  • Nigerian Hydrography Agency Unveils $10m Revenue Potential from Electronic Charts
  • Israel-Iran Tensions and Nigeria’s Economic Firewall By Umar Farouk Bala
  • Troops Arrest Suspected Bandit Impersonating Soldier, Recover Arms in Kaduna, Plateau
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NUJ President Celebrates 70 Years of Journalism, Calls for Responsible Reporting Amid National ChallengesLeadership must mean Something - Hon Rukayat ShittuNigerian Hydrography Agency Unveils $10m Revenue Potential from Electronic ChartsIsrael-Iran Tensions and Nigeria’s Economic Firewall By Umar Farouk BalaTroops Arrest Suspected Bandit Impersonating Soldier, Recover Arms in Kaduna, PlateauTinubu, Benue and When Empathy Comes After the FuneralCCC Demands Swift Government Action to Halt Benue ViolenceBosun Tijani Elected Vice Chair of ITU CouncilFencing Nigeria’s Borders: A Strategic Imperative for National Security By Umar Farouk BalaOver 6,000 displaced in renewed Benue attacks, says NEMA2027: Inside Tinubu's "Maradonic" Plot to Drop Shettima as VP By Kabir AkintayoIGP Orders Tactical Reinforcement in Benue as Death Toll Rises in Guma MassacreFake News and AI: The Unseen Force Behind Traore's PopularityMUSWEN condemns masquerade invasion of mosque in Ondo State , calls for justiceNotorious Bandit Leaders Surrender Arms, Free Kidnapped Victims in Katsina
X whatsapp