Friday, December 14, 2018

Tag "Babatunde Fashola"

    Fashola: It’s not govt’s problem if you don’t have power

Fashola: It’s not govt’s problem if you don’t have power

Babatunde Fashola, minister of power, works and housing, says the federal government should not be blamed for the problems in the power sector.According to PUNCH, Fashola made the remark at the Nextier Power Dialogue in Abuja on Wednesday.The minister reportedly blamed the past administration for selling assets that would have been used to rehabilitate the sector, adding that the [...]

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    Fashola asks court to dismiss Falana’s suit compelling FG to fix Apapa-Oshodi expressway

Fashola asks court to dismiss Falana’s suit compelling FG to fix Apapa-Oshodi expressway

Babatunde Fashola, minister of power, works and housing, has asked a federal high court in Lagos to dismiss a fundamental rights suit filed against the federal government by Femi Falana, human rights lawyer.Falana had asked the court to compel the government to fix the Apapa-Oshodi expressway, which leads to the seaport in the nation's commercial capital.The poor state of the [...]

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    Fashola: South-west stands to gain more by re-electing Buhari

Fashola: South-west stands to gain more by re-electing Buhari

Babatunde Fashola, minister for power, works and housing, says the south-west has more to gain by re-electing President Muhammadu Buhari.Fashola said this on Tuesday during the inauguration of 5000 foot soldiers for the campaign of Buhari and Vice-President Yemi Osinbajo in Lagos.He said the re-election of Buhari would guarantee that power would come to the south-west in 2023.NAN reports that [...]

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    Group hails Buhari’s ‘Next Level’ policy document

Group hails Buhari’s ‘Next Level’ policy document

Good Governance and Transparency Initiative (GGAT), a socio-political group, has given President Muhammadu Buhari a pat on the back for his development plan for Nigeria.The group said Buhari/APC’s ‘Next Level’ policy document unveiled on Sunday is an indication that Nigeria is surely heading for the desired level under the current government.Emerald Nzeribe, coordinator of the group, made this known during [...]

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    FG awards N206bn contract for 2nd Niger Bridge

FG awards N206bn contract for 2nd Niger Bridge

The federal government has awarded Julius Berger Construction Company a N206 billion contract for the main work on the 2nd Niger Bridge.Babatunde Fashola, minister of power, works and housing, made the disclosure during a press briefing in Abuja on Monday.According to him, the project expected to be completed in 36 months, would be funded under the presidential infrastructure development fund (PIDF).He [...]

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    FG: Why we resisted temptation to cancel power sector privatisation

FG: Why we resisted temptation to cancel power sector privatisation

Lai Mohammed, minister of information, says the federal government resisted the temptation to cancel the power sector privatisation in order not to send wrong signals to prospective investors.The minister said this on Thursday in Abuja while answering questions on a programme aired on Radio Nigeria.The nation's power sector was privatised in November 2013 as private investors took over now-defunct Power [...]

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    Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Within 24 hours, two prominent figures have churned out conflicting figures on Nigeria's current power generation capacity. On Tuesday, Lai Mohammed, minister of information, said the country now generates 7,000 megawatts of electricity. A day after, Akinwumi Adesina, president of the African Development Bank (AfDB), pegged the figure at "around 4,500 megawatts".While speaking at a News Agency of Nigeria (NAN) [...]

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    Nigeria’s debt for infrastructure is good debt, says Fashola

Nigeria’s debt for infrastructure is good debt, says Fashola

Babatunde Fashola, minister of power, works, and housing, says debt for infrastructure in Nigeria is good debt, as far as he is concerned.Speaking at the Africa Investment Forum in Sandton South Africa on Wednesday, Fashola said the Nigerian government should not be judged like a private company when it comes to borrowing."The only thing I want to say about debt [...]

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    Fashola: Those criticising us for borrowing should tell us where to find funds

Fashola: Those criticising us for borrowing should tell us where to find funds

Babatunde Fashola, minister for power, works and housing, has asked those critical of the borrowings of President Muhammadu Buhari’s government to tell the current administration how to raise funds.Speaking with reporters during a two-day retreat in Sokoto, Fashola said the delay of the 2018 budget by the national assembly made the ministry resort to borrowing to complete abandoned projects.He said [...]

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    Bode George to Fashola: Focus on fixing port access roads, not 2023

Bode George to Fashola: Focus on fixing port access roads, not 2023

Bode George, chieftain of the Peoples Democratic Party (PDP), says Babatunde Fashola, minister of power, works & housing, should leave the issue of who becomes president in 2023 and focus on fixing roads.George, a one-time military administrator of Ondo state, gave the advice while speaking to journalists in Lagos on Saturday.He was reacting to Fashola's statement that a vote for [...]

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    Fashola: Let’s stop deceiving ourselves, Nigerian banks not ready to fund infrastructure

Fashola: Let’s stop deceiving ourselves, Nigerian banks not ready to fund infrastructure

Babatunde Fashola, minister of power, works, and housing, says Nigerian banks are not willing to fund infrastructure development in the country.Speaking at the just-concluded 24 Nigerian Economic Summit (NES24), Fashola said only NLNG and Dangote Group have stepped forward within the private sector to fund infrastructure in Nigeria."In terms of our overall infrastructure, there is nothing wrong with our country. [...]

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    Fashola: Reelecting Buhari will ensure return of power to south-west in 2023

Fashola: Reelecting Buhari will ensure return of power to south-west in 2023

Babatunde Fashola, minister of power, works and housing, has urged the people of south-west to vote for President Muhammadu Buhari in the 2019 elections to guarantee a return of power to the region in 2023.The minister said this at a special town hall meeting on infrastructure organised by the ministry information and the National Orientation Agency (NOA).Lai Mohammed, minister of [...]

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    Fashola: The problems of electricity can’t be solved by magic

Fashola: The problems of electricity can’t be solved by magic

Babatunde Fashola, minister of power, works and housing, says the problems of electricity are slowly being solved as no one can do it by magic.Fashola said this on Thursday while inaugurating the 2x100MVA, 132/33kV power transformers at the Ejigbo Transmission Substation in Lagos.The minister said out of the 800 containers of power equipment abandoned at the port for about 10 [...]

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    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 [...]

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    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 [...]

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    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 [...]

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Exchange Rates

December 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS365467411
KANO365465415
PH364466412
ABUJA364465413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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