Thursday, October 18, 2018

Tag "Babatunde Fashola"

    PHOTOS: Sanwo-Olu watches as  Ambode hugs Fashola at APC convention

PHOTOS: Sanwo-Olu watches as Ambode hugs Fashola at APC convention

It was a sight to behold as Babatunde Fashola, former governor of Lagos, Akinwunmi Ambode,  the incumbent governor, and Babajide Sanwo-Olu, governorship candidate of the All Progressives Congress (APC) in the state, sat side by side at the ruling party's national convention in Abuja.Ambode and Sanwo-Olu walked into the Eagle Square, venue of the convention, together.Both men weren't on the same page in [...]

0 comment Read Full Article
    Fashola: Power generation has risen to 7,000 mega watts

Fashola: Power generation has risen to 7,000 mega watts

Babatunde Fashola, minister of power, works and housing, says the country is generating 7,000 mega watts of electricity.Fashola said this on Friday while speaking at a retreat for top directors, heads of units and chief executives of agencies and parastatals in his ministry.The minister said as of three years ago, power generation was a problem as the country was 2,690 [...]

0 comment Read Full Article
    Power generation: Fashola replies DisCos, says Nigerians traumatised by your service

Power generation: Fashola replies DisCos, says Nigerians traumatised by your service

Babatunde Fashola, minister of power, works and housing, has reacted to claims by electricity distribution companies (DisCos) that he misled Nigerians on power generation capacity.Sunday Oduntan, executive director, Association of Nigerian Electricity Distributors (ANED), the umbrella body of DisCos, had said the federal government lied about an improvement in power generation.In a statement on Friday, Fashola said Nigerians can testify to the [...]

0 comment Read Full Article
    MAP: 13 roads to be reconstructed with recovered loot

MAP: 13 roads to be reconstructed with recovered loot

President Muhammadu Buhari on Friday signed an executive order to restrict corrupt suspects access to their assets seized during investigation.As part of the benefits of the order, Buhari said an equivalent of about 57% of the monies recovered from high-profile corruption cases would be used for reconstruction and repair of 13 roads across the country.Below is a story map of [...]

0 comment Read Full Article
    Power sector stakeholders kick against bill to criminalise estimated billing

Power sector stakeholders kick against bill to criminalise estimated billing

Stakeholders in the power sector have kicked against the bill to criminalise estimated billing.Babatunde Fashola, minister of power, works and housing, the Nigerian Electricity Regulatory Commission (NERC) and the Association of Nigerian Electricity Distributors (ANED) opposed the bill proposed by the house of representatives.According to the stakeholders, the bill will worsen the electricity situation in the country.At a public hearing [...]

0 comment Read Full Article
    Fashola complains about quality of completed houses in Kebbi

Fashola complains about quality of completed houses in Kebbi

Babatunde Fashola, minister of works, power and housing, asked the contractors to improve the quality of the house they built in Birnin Kebbi.On an inspection visit to the project sites, the minister said the federal government will not accept the project if it is not carried out within specifications.He observed that most of the roofing of the bungalows in the [...]

0 comment Read Full Article
    PHOTOS: Tongues wagging as Fashola embraces Tinubu in public

PHOTOS: Tongues wagging as Fashola embraces Tinubu in public

Babatunde Fashola, minister of power, works and housing, and Bola Tinubu, a national leader of the All Progressives Congress (APC), embraced each other at a public function where they met recently.There have been reports that both men, who are former governors of Lagos state, are not in good terms.Fashola was one of the guests at the 10th Bola Tinubu Colloquium [...]

0 comment Read Full Article
    FEC okays N47bn for repair of three roads

FEC okays N47bn for repair of three roads

The federal executive council (FEC) has approved N47 billion for the repair of three roads.The roads to be rehabilitated are Baban Lamba-Sharam road in Plateau state, Lagos-Ota-Abeokuta and Enugu-Port Harcourt road.Speaking with journalists after the FEC meeting presided over by Vice-President Yemi Osinbajo, Babatunde Fashola, minister of power, works and housing, said the Lagos to Abeokuta road was first awarded in [...]

0 comment Read Full Article
    More prepaid meters ‘on the way’ as NERC opens up industry

More prepaid meters ‘on the way’ as NERC opens up industry

The supply of prepaid meters is expected to increase as the Nigerian Electricity Regulatory Commission (NERC) has introduced a new class of operators to the electricity industry.The operators, to be called meter asset providers, will be saddled with the responsibility of providing meters and replacing faulty devices within 48 hours.Speaking at the unveiling of the new regulation on Monday in [...]

0 comment Read Full Article
    Fashola to GenCos: I’m not afraid of the courts… be ready to face scrutiny

Fashola to GenCos: I’m not afraid of the courts… be ready to face scrutiny

Babatunde Fashola, minister of power, works and housing, says he is not afraid of law courts following a suit filed against the government by some power generating companies (GenCos).  The GenCos had levelled accusations against the government regarding “special treatment” that allegedly favoured two power generating companies - Azura Power West Africa Limited and Accugas Limited.April 16 has been fixed [...]

0 comment Read Full Article
    On the verge of collapse, 13 GenCos drag FG to court

On the verge of collapse, 13 GenCos drag FG to court

Nigeria's power crisis is in for more shocking waves as 13 power generation companies (GenCos) have sued the federal government for giving "preferential treatment" to two competitors with intent to harm the business interests of the others.The GenCos, who said they are on the verge of collapse over debts in excess of N1 trillion, currently generate 80% of the power consumed in [...]

0 comment Read Full Article
    Fashola: Stop putting Nigeria down… this is a great country

Fashola: Stop putting Nigeria down… this is a great country

Babatunde Fashola, minister of power, works and housing, says Nigeria is a great country which should not be compared to other countries.The minister made this statement while answering questions at a workshop on the power sector recovery programme (PSRP).He said people needed to understand power dynamics before making statements."When people say Germany is exporting power, your country is exporting power [...]

0 comment Read Full Article
    INVESTIGATION: How electricity distribution officials racketeer, extort customers in need of prepaid meters

INVESTIGATION: How electricity distribution officials racketeer, extort customers in need of prepaid meters

Disguised, for two weeks, as a desperate customer in need of a prepaid meter, TAIWO ADEBULU investigates racketeering rings among officials of Ibadan Electricity Distribution Company (IBEDC). In this report, he details how the officials source for prepaid meters from local producers, vend them in the black market to extort customers who can part with a huge sum for the [...]

3 comments Read Full Article
    Fashola: Works ministry didn’t carry out any capital project in 2017

Fashola: Works ministry didn’t carry out any capital project in 2017

Babatunde Fashola says the works arm of his three-fold portfolio did not carry out any capital project in 2017.Fashola, who heads the ministry of works, power and housing, made this known on Wednesday when he appeared before a senate committee to defend the ministry's 2018 budget.He attributed the situation to the late passage of the 2017 budget."The 2017 budget was [...]

0 comment Read Full Article
    FEC approves new framework to expand electricity transmission

FEC approves new framework to expand electricity transmission

The federal executive council (FEC) has approved a new framework to expand the 33KVA and 11KVA electricity transmission lines in the country.The framework will ensure distribution of 2,000 megawatts of generated energy currently not being distributed from power stations.FEC gave the approval on Wednesday during the council’s weekly meeting.Addressing state house correspondents after the meeting, Babatunde Fashola, minister of power, [...]

0 comment Read Full Article
    Fashola: 2000 megawatts of electricity currently idle

Fashola: 2000 megawatts of electricity currently idle

Babatunde Fashola, minister of power, says the country currently has 2000 megawatts of electricity that is idle because it cannot be distributed.Fashola said the power is not being utilised because manufacturers have not shown interest in making use of it.The minister made this known at the January 2018 edition of the monthly power sector operators’ meeting in Lafia, Nasarawa."I will [...]

0 comment Read Full Article
Advertisement

 

Advertisement

Advertisement

Exchange Rates

October 15, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement