Business

After Ten Years Of Darkness: Magboro, Ibafo, Others To Get Electricity By Christmas – IBEDC

Published

8 years ago

November 18, 2016

Over one million residents of Magboro, Ibafo, Mowe and other communities in Ogun State are set to get a reprieve by December after 10 years of total blackout.

The Ibadan Electricity Distribution Company Plc, whose areas of coverage are Oyo, Osun, Kwara and Ogun states, and part of Ekiti and Niger states, said it would spend N60m to link the communities to the existing distribution line from the new Abeokuta 132/33KV substation of the Transmission Company of Nigeria.

The Chief Technical Officer, IBEDC, Mr. Ade Ayileka, who stated this on Thursday during a tour of the substation and the examination of the construction of the line and poles to link the communities, said, “This is a new transmission station; the power capacity here is available and it is much more than the power capacity that is coming from Ojere. Moving from this place, we are going to the communities through which the line passes before it gets to Mowe/Ibafo.

“At Ojere, we have this kind of transmission substation, but it is far from this location and this place is closer to Mowe/Ibafo. So, the closer you are to the power station, the better the quality, and in some cases, capacity is better. The Ojere station has so many lines emanating from it, whereas the Mowe/Ibafo line is going to be the first to emanate from this place. So, it is going to have enough capacity to supply power to Mowe/Ibafo.”

Ayileka said the work would be completed in the next six weeks, adding, “This line that is being constructed is not as if it is going to extend to Mowe per se; we are going to link up with the existing line and that existing line is being rehabilitated.

“We would have done this before now; it is because we were relying on the line from Oke-Aro to Mowe and we all know what is happening to that line. They are still carrying out some amendment on the Oke-Aro line. Probably, when they finish work on the line, it means that there will be two different sources feeding Mowe/Ibafo.”

Speaking at a meeting with leaders of the communities at Ashimolowo in Mowe, Ayileka assured them that the company was working to ensure the supply of electricity by Chirstmas.

The Leader, Community Development Councils, Obafemi Owode Local Government Area, Mr. Jimi Olusanya, said the communities, including Asese, Ofada and Oke-Afa had been starved of power supply for the past 10 years.

“If they said there will be power supply in the next six weeks, I think we should be patient with them, and we believe that it will not be more than the six weeks,” he added.

The Project Engineer, Tommy Toak Group, Mr. Ope Akintomide, said the firm had commenced the clearing of trees to erect poles and had done about three kilometres before the Ogun State Government wrote to the IBEDC that it wanted to construct a 10-lane expressway.

“We had to start bulldozing; before, we were using cutlass to clear the ground because it is close to the road. But now, we have to go inside the bush and we use a bulldozer to do the clearing. As we bulldoze the site, we start digging and erecting the poles. We are almost at Kobape now,” he said.

Punch

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

1 day ago

December 21, 2024

Sahara Weekly

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

1 day ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

2 days ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.

The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.

“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.

The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.

Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.

The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.

This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.