Tuesday, June 27, 2017

Tag "Babatunde Fashola"

    Court never said you had power to increase budget, Falana tells lawmakers

Court never said you had power to increase budget, Falana tells lawmakers

Femi Falana, human rights lawyer, says a federal high court never ruled that the national assembly had power to increase estimates of the appropriation act.He was reacting to a claim by the house of representatives that “the federal high court has ruled that the national assembly has the power to increase or review upward the budget estimates laid before it [...]

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    Fashola: Nigeria in trouble if lawmakers don’t understand difference between cash and budget

Fashola: Nigeria in trouble if lawmakers don’t understand difference between cash and budget

Babatunde Fashola, minister of power, works and housing, says Nigeria is in big trouble if lawmakers do not understand the difference between cash and budgets.He expressed deep concern over the recourse of the national assembly’s spokespersons to name calling over his observations on the 2017 budget. In a press release signed by Hakeem Bello, his special adviser on media, the minister [...]

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    Reps: Executive budgeted N12bn for 2nd Niger bridge in 2016 but a kobo wasn’t spent on it

Reps: Executive budgeted N12bn for 2nd Niger bridge in 2016 but a kobo wasn’t spent on it

The house of representatives says the executive budgeted N12 billion for the 2nd Niger bridge project in 2016, but that a kobo was not spent on it.The house described as blackmail the statement of Babatunde Fashola, minister of works, power and housing, that the national assembly “imported” projects into the 2017 budget.The senate had earlier flayed the minister for his statement, [...]

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    Senate: We acted in the ‘spirit of consensus’… Fashola attacking us because of contracts

Senate: We acted in the ‘spirit of consensus’… Fashola attacking us because of contracts

The senate has flayed Babatunde Fashola, minister of works, housing and power, for saying that the national assembly “imported projects” into the 2017 budget.It lampooned the minister for criticising the legislature's reduction of budgetary allocation to the Lagos-Ibadan expressway project, accusing Fashola of spreading "half-truths" because he wants his ministry to have "many construction projects it can award contracts for".In [...]

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    EXCLUSIVE: Some 2017 budget provisions violate the constitution, says Fashola

EXCLUSIVE: Some 2017 budget provisions violate the constitution, says Fashola

Babatunde Fashola, minster of power, works and housing, says there are aspects of the 2017 appropriation act that violate the constitution, suggesting that the judiciary may have to explain how far lawmakers can go in altering the budget.Acting President Yemi Osinbajo had questioned the extent of changes made to the 2017 appropriation bill by the federal lawmakers, who replied that [...]

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    Fashola: FG will soon supply 3 million prepaid meters to Nigerians

Fashola: FG will soon supply 3 million prepaid meters to Nigerians

Babatunde Fashola, minister of power, says the federal government has plans to supply more than three million prepaid meters.NAN reports that the federal government intervention programme aims to combat the incapacity of electricity distribution companies (DisCos) to meter all the houses of consumers across the country.Fashola, who also heads the ministries of works and housing, said the contract for the [...]

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    Enugu asked to ‘verify and pay’ N2bn debt as whistleblowing policy goes to power sector

Enugu asked to ‘verify and pay’ N2bn debt as whistleblowing policy goes to power sector

Babatunde Fashola, minister of power, works and housing, and stakeholders in the power sector, have asked the Enugu state government to verify and pay up N2 billion electricity debt.This was disclosed via a communique issued by the ministry, after the 16th monthly meeting of the minister and operators if the power sector, held on Monday at Ugwuaji 330/132 kV Transmission substation, [...]

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    Fashola: 340 megawatts will be added to national grid before December

Fashola: 340 megawatts will be added to national grid before December

Babatunde Fashola, the minister of power, works and housing said on Thursday that 340 megawatts of electricity would be added to the national grid in or before December.Fashola said this during his inspection tour of Afam Power Plant in Oyibo local government area of Rivers as part of federal government power sector recovery programme.He said the 340 megawatts of electricity [...]

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    Senate summons Fashola over Rivers road project

Senate summons Fashola over Rivers road project

The senate on Wednesday summoned Babatunde Fashola, minister of power, works and housing, over the delay in completing Bodo-Bonny road project in Rivers state.It directed the minister to brief its committee on works on circumstances surrounding federal governments's “inability” to partner Nigeria Liquefied Natural Gas (NLNG) to complete the project.The upper chamber resolved that the committee should carry out “independent [...]

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    Fashola: Over 2m Nigerians benefitting from solar products

Fashola: Over 2m Nigerians benefitting from solar products

Babatunde Fashola, minister of power, works and housing, says there are currently 2.23 million Nigerians benefitting from solar products. The minister said this in Abuja on Tuesday while inaugurating a 125 KVA (100KWp) solar power project executed by Protergia Energy for House on the Rock ministry‎., Fashola said the country's journey to stable electricity is gathering momentum. as evident in the [...]

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    Apapa access roads will last for 30 years after rehabilitation, says Fashola

Apapa access roads will last for 30 years after rehabilitation, says Fashola

Babatunde Fashola, minister of power, works and housing, has said that the Apapa access roads "will last another 30 years" after rehabilitation by the federal government.Speaking with journalists on Friday, Fashola said work on the roads will commence in a matter of weeks.He explained that in the last 10 days, his ministry has held two meetings with the companies that [...]

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    My ministry created 193,469 jobs in two years, says Fashola

My ministry created 193,469 jobs in two years, says Fashola

The ministry of power, works and housing has created 193,469 jobs, with 40,429 direct and 153,040 indirect jobs, within the two years of President Muhammadu Buhari’s administration, according to Babatunde Fashola, the minister.Speaking in Abuja at a town hall meeting to celebrate the mid-term of Buhari’s implementation of the economy recovery and road plan, Fashola said the construction of roads, [...]

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    You were not forced to buy power assets, Fashola tells DisCos

You were not forced to buy power assets, Fashola tells DisCos

Babatunde Fashola, minister of power, works and housing, on Monday, told electricity distribution companies that nobody forced them to acquire power assets.The minister chided DisCos over their inability to meet the electricity needs of consumers.Speaking in Plateau state during a monthly meeting of stakeholders in the power sector, Fashola told DisCos to stop complaining while reacting to their reasons for [...]

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    Adeosun, Emefiele and my experience in Trump’s America

Adeosun, Emefiele and my experience in Trump’s America

After Donald Trump became the president of the world's most powerful nation in January 2017, he gave executive orders to deny entry for citizens and visitors from some Islamic nations. This executive order also saw to the deportation of many Mexicans who came into the US questionably -- with no form fair hearing.For Nigeria, the news space was filled with [...]

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    World Bank applauds Fashola’s power plan, offers financing

World Bank applauds Fashola’s power plan, offers financing

The World Bank and some multilateral agencies in Washington have applauded Babatunde Fashola's power sector recovery plan, offering financial support.According to Kemi Adeosun, the head of Nigeria's delegation to the World Bank, IMF meetings in Washington, the multilateral agencies said the plan is realistic.In a meeting with the agencies, Fashola was said to have presented the power plan, which was approved [...]

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    Lagos terminates Badagry hotel project awarded under Fashola

Lagos terminates Badagry hotel project awarded under Fashola

The Lagos state government has terminated the contract for the construction of a 48-bedroom hotel at the VIP chalets in Badagry.The administration of Babatunde Fashola, former governor of the state, awarded the contract to Messrs. Anatolia International Limited in 2013.In a statement on Thursday, Steve Ayorinde, commissioner for information and strategy, said the decision to terminate the contract followed a [...]

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Exchange Rates

June 27, 2017USDGBPEUR
INTERBANK324.50413. 31363.50
LAGOS369465407
KANO367464410
PH370465412
ABUJA366465407
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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